Source: Republic of Turkey Investment Office
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Fitch Ratings Raises Turkey’s Growth Forecast for 2021
In its recent review, Fitch Ratings increased its growth forecast for Turkey to 7.9 percent for 2021 from 6.3 percent in its June assessment, due to the remarkable performance in 1Q21 and continued resilience in economic activity.
“Low government deficits and debt, stronger growth performance and structural indicators, such as GDP per capita and human development” were lined up as the upsides of the Turkish economy.
Fitch has affirmed Turkey’s rating at “BB-“ with a “Stable” outlook in the last assessment.
