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Turkey: Opposition decries failure to stem unemployment

Turkey: Opposition decries failure to stem unemployment
Main opposition party leader Kilicdaroglu criticizes ruling AK Party's handling of economy

By Muhammet Emin Avundukluoglu

ANKARA (AA) - Despite five economic reform packages from Turkey’s ruling party, “nothing has changed” for the better, said the main opposition leader on Tuesday.

Since 2002, during Justice and Development (AK) Party, “a total of 15 employment packages have been announced, but unemployment has risen further," Kemal Kilicdaroglu told his Republican People's Party's (CHP) parliamentary group.

Kilicdaroglu claimed that Turkey ranks third in the world in unemployment.

Turkey's unemployment rate this July was 13.9%, up 3.1 percentage points from July 2018.

Kilicdaroglu called on Turkish President Recep Tayyip Erdogan to remove the treasury and finance minister, Berat Albayrak, who is also Erdogan's son-in-law.

Last year, Turkey's unemployment rate hovered between 9.6% and 13.5%.

Since 2014, the highest figures were seen this January and February with 14.7%, while the lowest was in May 2014 with 8.8%.

Turkey's new economic program, announced at the end of September, targets an unemployment rate of 12.9% for the end of 2019, 11.8% in 2020, 10.6% in 2021, and 9.8% in 2022.

TurkStat will release its next report on the subject this Friday, Nov. 15.

source: News Feed
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