Turkish currency and debt crisis

Fitch revises up Turkey's growth forecast to 9.2% this year

Fitch Ratings has revised up Turkey's 2021 economic growth forecast to 9.2%, according to the rating agency's Global Economic Outlook for September, released on Sept. 16. 

The new figure is a massive upward revision from the agency's previous upgrade made on Aug. 13 when it revised up Turkey's growth forecast to 7.9%, from 6.3%.

JP Morgan revises up Turkey's 2021 growth forecast to 8.4 pct

U.S.-based multinational banking and financial services company JP Morgan on Sept. 1 revised its estimate for Turkey's economic growth for 2021 from 6.8 percent to 8.4 percent.

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According to a report published by the firm, the Turkish economy continued to grow "at full speed thanks to robust domestic demand and surging export demand in the second quarter."

Turkey's economic confidence in August hits 3-year high

Turkey's economic confidence index hit a 39-month high of 100.8 this August, the country's statistical institute said on Aug. 27. 

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Chiefly driven by the services and construction confidence indices, the main reading improved 0.7% from July, Turkish Statistical Institute (TÜİK) data showed.

Turkish Central Bank reserves to surpass $115 bln: Erdoğan

Turkish Central Bank's reserves will surpass $115 billion when pending transactions are completed, Turkey's president said on Aug. 24. 

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The bank's official reserves so far stand at $109 billion, Recep Tayyip Erdoğan said at the meeting of AKP provincial heads in the capital Ankara.

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