Tuesday, April 23, 2019
Home Business The stock market day on Monday, April 15, 2019

The stock market day on Monday, April 15, 2019

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<p class=View of Istanbul.

(Photo: imago / BE & W)

The economic problems in his country are increasingly putting Turkish President Recep Tayyip Erdogan under pressure. The Unemployment rate in Turkey rose to a ten-year high in January. It climbed from 13.5 percent in December to 14.7 percent, suggesting that a worsening economic downturn is taking its toll on the country's labor market. In January 2018, the rate was 10.8 percent.

The employment rate at the beginning of 2019 was 52.2 percent, there were 27.16 million employees and 4.6 million unemployed, as data from the State Statistics Office show. The Turkish economy had shrunk by 3 percent in the fourth quarter as a currency crisis last summer and a tight monetary policy weighed on consumption and investment.

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