07
Nov
14:50
ERBD revises up Turkish economic growth forecast
The European Bank for Reconstruction and Development (ERBD) expects Turkey to return to economic growth in 2020. This is after recording a smaller-than-previously-estimated contraction this year as a result of credit growth support, financial incentives and increased consumer confidence.
In its latest report seen by Kallanish ERBD has revised up Turkey's growth estimate for 2019 by 0.8 percentage points to -0.2%, while the growth forecast for 2020 at 2.5% wa…
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