Economics
Turkey Unveils $15.4 Billion Plan to Counter Virus Outbreak
- Stimulus adds to central bank action to lower borrowing costs
- Infections on rise in Turkey in threat to tourism, industry
A Metropolitan Municipality worker sprays disinfectant on a bus in Istanbul, Turkey, on March 14.
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
Turkish President Recep Tayyip Erdogan unveiled a 100 billion-lira ($15.4 billion) plan to help businesses ride out the economic storm caused by the coronavirus pandemic.
The government will introduce a set of new measures from tax cuts and payment deferrals for businesses to an increase in minimum pension payouts, Erdogan said Wednesday after meeting with senior officials and business leaders.