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Turkey's powerful finance minister says worst is over for economy

Erdogan confidant defends efforts to stabilize currency

A period of hardship has strengthened the Turkish economy's "immune system," Treasury and Finance Minister Berat Albayrak told Nikkei. (Photo by Sinan Tavsan)

ISTANBUL -- The worst is over for Turkey's economy, and its financial system, although bruised and battered, is now more resilient to internal and external shocks, the country's economic chief told Nikkei.

"They say, what does not kill you makes you stronger," Treasury and Finance Minister Berat Albayrak said in a recent interview. "The Turkish economy's immune system has entered a phase in which it is getting stronger."

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