Turkish economy minister:
Oil prices' decline help economic growth
Turkish Economy Minister Nihat Zeybekci
Ankara - Arab Today
Turkish Economy Minister Nihat Zeybekci said Friday oil prices' decline would contribute to economic growth in the country thus create more jobs.
"With the decline of oil prices, Turkey's economy can grow and more jobs will be created amidst economic revival in the country ... ," Zeybekci said in a statement to the Anadulo news agency.
He said the foreign trade and foreign direct investment (FDI) in Turkey depended largely on the European Union (EU). He added that 70 percent of FDI came from Europe, and half of Turkey's foreign trade was with the EU.
Zeybekci urged the central bank of Turkey to lower the interest rate against the US Federal Reserve's tightening of its monetary policy.
Source: KUNA
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