Fitch, which predicted that the Turkish economy, which grew by 0.9 percent in 2019, will grow by 3.9 percent in 2020, reduced this expectation to 0.8 percent in its report published today.
INCREASED ITS GROWTH PREDICTIONS IN 2021
However, Fitch increased its growth forecast to 4.0 percent, which it previously set for 4.0 percent in 2021.
INFLATION AND INTEREST
Turkey inflation forecast for 2020 to 8.5 percent from 10.5 percent downloads, Fitch Ratings has maintained the 2021 forecast of 10.0 percent.
Fitch’s recent policy rate for Turkey in 2020 was forecast to 8.75 percent. At the end of 2021, interest is estimated to be 8.75 percent.
Expressing the US Dollar / Turkish Lira parity forecast as 6.90 for the end of 2020, Fitch expects the exchange rate to be 7.20 by the end of 2021.
