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Turkey to outline 'new economic model' as currency slides

WSFA 12 Montgomery
Turkey to outline 'new economic model' as currency slides

ANKARA, Turkey (AP) - Turkey's government says it will outline a "new economic model" on Friday as the national currency hit another record low amid concerns about the president's policies and an ongoing dispute with the U.S. The lira, which has fallen about 30 percent since the start of the year, dropped to another low of 5.47 against the dollar on Thursday. The slide followed news that high level meetings in Washington between U.S. and Turkish officials over a detained American pastor concluded without an apparent resolution. The pastor's detention led to Washington imposing punitive sanctions on two Turkish Cabinet ministers and warning of possible additional measures. That added to existing