Fitch lowered forecast on Turkish economy growth

International credit rating agency Fitch lowered forecast on Turkish economy’s growth for 2018 and 2019. It revised forecast to 3.8% for 2018 and 1.2%for 2019.

Fitch also indicated that the strong loss of value of the Turkish lira and trade deficit are thretening to further lower economic growth perspectives.

In its communiqué, Fitch noted that there are serious risks on a downward trend. It further stressed that the GDP  growth in 2018 would account to 3.8% in 2018 and approximately 1.2% in 2019. It also added that they forecast a contraction of the economy in the fourth quarter of 2018.

More: Fitch cuts Turkey growth forecast and warns of ‘downside risks’

http_com.ft.imagepublish.upp-prod-eu.s3.amazonaws

Gallery | This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s