11
Oct
13:52
World Bank improves growth forecast for Turkey
The World Bank has revised up its economic growth forecast for the Turkish economy in 2019. Pointing out the improvement in domestic demand, the bank now forecasts zero GDP growth for Turkey this year compared to a -1% contraction in its previous, June forecast.
In its Europe and Central Asia Economic Update, the World Bank says Turkish economic growth should rebound to 3% in 2020 and 4% in 2021. “Gradual improvement in domestic demand and net ex…
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