Fitch Ratings raises its forecast for the growth of the Turkish economy for 2021 to 10.5%

2022-01-05

8,690 Views

Fitch Ratings raises its forecast for the growth of the Turkish economy for 2021 to 10.5%

The international credit rating agency, Fitch, raised its forecast for the growth of Turkey's economy for this year 2021 from 9.2% to 10.5%. This came according to a statement issued by the International Agency on Thursday, 2/12/2021.

GDP growth of 1.8%

In the aforementioned report, Fitch Agency reviewed assessments of the Turkish economy. The statement stated that in the year 2020, which witnessed the start of the outbreak of the new Coronavirus (Covid-19) and Turkey was affected by it, the gross domestic product in Turkey had increased by 1.8%.

The Turkish economy is strong compared to its peers

The statement added, "The Turkish economy is expected to grow by 10.5% in 2021," instead of the 9.2% that the agency itself had announced last September.

It also stated that Turkey's economic growth is strong compared to its peers, but the country's per capita income has been declining since 2013 in dollar terms.

Turkey's economic growth

Raising growth forecasts for next year

The agency also raised its forecast for the growth of the Turkish economy during the next year 2022 from 3.5% to 3.6%. The agency maintained Turkey's credit rating at "BB-" and changed its outlook for the country from "stable" to "negative".

Edited by Imtilak Real Estate ©

View all

View all

Reference: Anadol

Did you like this topic? You can share it with your friends now.

Search our distinguished projects list and find the suitable property for you.

search-banner
search-banner
contact contact

Talk to us on your favorite channel

What are you looking for in a property?

back

Channels

Thank you!

close

Your message has been successfully sent. We will contact you very soon!