World economy

Turkey’s Central Bank said Nov. 27 it may adjust reserve requirements for commercial lenders to encourage them to reduce their reliance on foreign borrowing, a move which would lessen their vulnerability to volatile capital inflows.

The OECD has slashed its 2015 growth forecast for Turkey from 4 to 3.2 percent in its latest Economic Outlook, released ahead of the upcoming G-20 Summit scheduled for Nov. 15.

The outlook also stated that the OECD expects some acceleration for the Turkish economy in 2016, predicting 4 percent growth.