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Free AccessFitch Revises Turkey 2021 Growth to 9.2% vs 7.9% prior
- Fitch Ratings revises Turkey's 2021 economic growth forecast to 9.2% in September vs 7.9% in August.
- "Growth in 2021 is likely to be the highest in almost a decade as the rebound from the pandemic crisis continues," the report said, adding economic momentum has continued into second half of this year with ongoing recovery in leading indicators and mobility indices.
- Fitch noted that it expects Turkey's GDP growth to slow to 3.5% in 2022, but then recover to 4.5% in 2023 "as the policy stance is eased ahead of the 2023 general election."
- "Current strong growth rates have been accompanied by high and rising inflation," the report said.
- Estimates inflation in Turkey to come at 17.2% this year, and 13.4% next year, and then 10.5% in 2023.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.