Turkey’s finance minister says no economic and financial risk

The public sector’s debt levels were low, household indebtedness was among the world’s lowest and the financial sector was quite robust, says the finance minister.

Berat Albayrak, the Turkish Minister of Finance and Treasury said that the government sees no big risk regarding Turkey’s economy, as the economy’s foundations are robust in main three areas, reported local daily, Harriyet DailyNews.

The minister reassured that the Turkish government have been seeing the recent markets and the lira fluctuations as an opportunity to strengthen the country’s economy and financial system.

The Turkish economy has three characteristics which will enable it “to minimise the risks of any global crises, added Albayrak.

The recent spat with the US has accelerated losses in the lira, which is down about 40 per cent against the dollar this year.