Fitch Ratings – Muhasebe News https://www.muhasebenews.com Muhasebe News Mon, 23 Aug 2021 09:58:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Fitch Ratings Raises Turkey’s Growth Forecast for 2021 https://www.muhasebenews.com/en/fitch-ratings-raises-turkeys-growth-forecast-for-2021/ https://www.muhasebenews.com/en/fitch-ratings-raises-turkeys-growth-forecast-for-2021/#respond Mon, 23 Aug 2021 09:58:42 +0000 https://www.muhasebenews.com/?p=114209 ​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.

Source: Republic of Turkey Investment Office
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]]> https://www.muhasebenews.com/en/fitch-ratings-raises-turkeys-growth-forecast-for-2021/feed/ 0 OECD and Fitch Ratings Revise Up their Forecasts for Turkish Economy https://www.muhasebenews.com/en/oecd-and-fitch-ratings-revise-up-their-forecasts-for-turkish-economy/ https://www.muhasebenews.com/en/oecd-and-fitch-ratings-revise-up-their-forecasts-for-turkish-economy/#respond Fri, 22 Jan 2021 09:59:53 +0000 https://www.muhasebenews.com/?p=102253 ​​​The Organization for Economic Cooperation and Development (OECD) raised its 2020 growth forecast for Turkey on January 14, in its “OECD Economic Survey of Turkey.”

Accordingly, OECD revised its 1.3 percent contraction forecast for 2020 to 0.2 percent.

The organization also projected that the Turkish economy will grow 2.6 percent and 3.5 percent in 2021 and 2022 respectively.

“The Turkish economy’s recovery from the first wave of the pandemic was strong but faced headwinds,” the report stated. “Recent stability-oriented policy measures can enhance domestic and international sentiment and support the recovery,” it added.

The report also said that Turkey managed effectively to control the number of cases in the first wave of the Covid-19 outbreak through strong health infrastructure and targeted restrictions.

Meanwhile, global credit rating agency Fitch Ratings forecasts that Turkey’s GDP growth rate will be 3.5 percent in 2021, with an acceleration in the second half.  The COVID-19 vaccination, easing of restrictions and acceleration of recovery in Europe will support growth in Turkish economy, the agency said. ​

Source: Republic of Turkey Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

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