Credit rating agency Moody’s decided to increase the growth estimate of Turkey after the unexpexted economic boost.
The authorities asserted that Turkish economy boosted in the fourth quarter of 2016 after the economic constriction in the third quarter.
They also claimed that the government’s plan about financial incentives and Central Bank’s regulations about loosening the credit terms in order to regain the trust that was lost have an effect on economic development.
Source: Bloomberg
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