Turkish deputy PM: Coup attempt impact short-lived

The Turkish economy will not suffer permanently from Friday’s failed coup attempt despite a short-lived, downward impact on growth, Deputy Prime Minister Mehmet Simsek said on Monday.

In statements carried by Euronews, Simsek said Turkey’s macroeconomic fundamentals were solid and the government would swiftly shift its focus back to carrying out structural reforms.

For at least eight hours overnight on Friday violence shook Turkey’s two main cities in an attempted coup by an army faction. But the coup attempt crumbled as President Recep Tayyib Erdogan rushed back to Istanbul from a Mediterranean holiday and urged people to take to the streets in support of his government against plotters he accused of trying to kill him.

Source: MENA