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Little News in Turkey Keeps Focus on Erdogan Diplomacy

TURKEY
  • Dunya cite the MUSIAD chairman as arguing in favour of above-inflation minimum wage hikes, stating that GDP growth should also be taken into consideration when compiling minimum pay levels.
  • Alternative inflation measures continue to rise apace, with the Istanbul Planning Agency's gauge of cost of living in Istanbul rising 78.5% on the year in November.
  • Erdogan is set to chair a cabinet meeting from 3pm local time, while his vice president Yilmaz visits Turkmenistan. No tier 1 data set for release Wednesday, with cash budget balance data set for release tomorrow.

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