The Turkish Statistical Institute has announced that unemployment in May 2018 has fallen by 0.5 points compared to the same month last year and become 9.7 percent. The women’s participation in labor force has increased by 0.5 points.

US President Donald Trump has approved the law draft which has stopped the delivery of F-35 jets to Turkey.

Calling out to US President Donald Trump by saying, “You can be a President all you want,” President Erdoğan has stated that the movements in the foreign exchange do not have an economic basis. Erdoğan has also added, “There are several economic terror figures on social media.”

The Central Bank has taken two actions in an attempt to prevent the further depreciation of Turkish Lira, announcing that “it will provide all the liquidity the banks need.”

Addressing the industrialists, President Erdoğan has said, “Do not rush to the banks to buy foreign currency. Otherwise, I would have to implement the plans B and C.”

The Minister of Finance and Customs Albayrak delivered his speech at the publicity meeting, where he introduced the “New Economic Model”, when the exchange rate of US Dollar was 6.13 TRY. In the course of his speech, the exchange rate has hit 6.56 TRY.

Speaking about the recent increase in the exchange rates of US Dollar and Euro at a mosque in Bayburt, President Erdoğan has said, “We will not lose the economic war.”

As Dollar/TRY rate climbs up to 6.26, the “New Economic Model Presentation Meeting” that would be held at 11 a.m. has been postponed to 2:30 p.m.

Vice Chair of the AKP Cevdet Yılmaz has referred to the recent exchange rate movements as “fluctuations that cannot be explained on economic grounds” and stated that these fluctuations will end sooner or later.

Climbing to 5.42 TL, dollar has dropped to 5.20 after the news reports claiming that pre-agreement concerning Pastor Brunson crisis has been agreed.

The exchange rate of US Dollar, which was around the level of 5.07 Turkish Lira when the markets closed on Friday, has become 5.18 Turkish Lira on the first day of the week, hitting another record high.

The Turkish Statistical Institute has announced the inflation figures for July 2018. The annual inflation rate in July has been measured as 15.85 percent, which marks an increase of 0.55 percent in comparison with June 2018.

The Central Bank has released its inflation report for the third quarter of 2018 and increased its inflation forecast from 8.4 percent to 13.4 percent.

Goldman Sachs has drawn attention to the expectation that increasing macro uncertainty, exchange rate volatility and high interest rates may generate pressure on the economic growth in Turkey.

Minister of Treasury and Finance Albayrak has said that Turkey “will advance by win-win relations”.

In the first half of 2018, 907 workers lost their lives in occupational homicides. In June, 149 workers, six of whom were children and nine of whom were women, lost their lives.

Inflation has reached the highest point which the current inflation index has ever seen. The previous peak was 12.98 percent in November 2017.

The Turkish Statistical Institute has announced that the unemployment rate in March 2018 has fallen by 1.6 points in comparison with the same month last year and has become 10.1 percent. The youth unemployment has been measured as 17.7 percent.

Ankara Laborers’ Health and Occupation Safety Assembly has said, “Prohibit child labor”.

While the economy of Turkey has grown by 7.4 percent in the first quarter of 2018, the current account deficit in April 2018 has exceeded expectations.