Turkey Economy Slides Into Recession Ahead of Rates Decision.

Turkey's economy has entered a technical recession, with a 0.2% quarter-on-quarter contraction in the third quarter. The annual growth rate of 2.1% fell below expectations, reflecting the impact of high-interest rates. The Central Bank of the Republic of Turkey is considering a monetary easing cycle in response to the economic slowdown and high inflation rates. President Recep Tayyip Erdogan's economic policies may shift towards more market-friendly approaches as the country navigates its first recession since 2018. [Extracted from the article]