Turkish currency and debt crisis
Turkish Lira falls to historic low
Bankers said the lira’s weakness was due, in part, to a Reuters telegram, citing sources saying that Turkish President Recep Tayyip Erdogan was losing confidence in the central bank Governor
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World Bank revises up Turkey growth forecast
The World Bank has raised its gross domestic product (GDP) growth forecast for Turkey in 2021 to 8.5 percent.
In its July projection, the bank had pointed to an expansion of 5 percent, according to Europe and Central Asia Economic Update released on Oct. 5.
"Turkey's economy was one of the few to avoid a contraction last year, partly owing to substantial credit expansion.
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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%.
Erdoğan hails country's economic performance during pandemic
The Turkish president on Sept. 6 hailed the country's economic performance during the pandemic, while "the economies across the world were shaken."
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"In such a difficult period, Turkey has been extremely successful in combating the adverse effects of the pandemic.
Turkey's annual inflation rises in August
Turkey's annual inflation rate climbed in August compared to the previous month, the Turkish Statistical Institute (TÜİK) announced on Sept. 3.
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Consumer prices in Turkey rose 19.25 percent year-on-year last month from 18.95 percent in July, TÜİK said.
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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."
Turkish economy sees growth of 21.7 pct in second quarter
The Turkish economy expanded 21.7 percent year-on-year in the second quarter of 2021, official data revealed on Sept. 1.
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It has been the highest annual growth rate since 1999.
Turkish economy sees growth of 21.7 pct in second half
The Turkish economy expanded 21.7 percent year-on-year in the second quarter of 2021, official data revealed on Sept. 1.
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It has been the highest annual growth rate since 1999.
Moody’s raises Turkey's growth forecast
International credit ratings agency Moody's on Aug. 31 upgraded Turkey's economic growth forecast for 2021 from 5 percent to 6 percent.
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In its Global Macro Outlook 2021-22 report, Moody's also revised the growth expectation of the Turkish economy for 2022 from 3.5 percent to 3.6 percent.
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Turkey posts $4.3 bln trade gap in July
Turkey's foreign trade deficit reached $4.3 billion this July, the country's statistical authority announced on Aug. 31.
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The July figure was up 51.3 percent from the same month last year, the Turkish Statistical Institute (TÜİK) said in a statement.
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