Moody’s – Muhasebe News https://www.muhasebenews.com Muhasebe News Fri, 15 Nov 2019 06:54:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.3 Moody’s rises Turkey’s growth rate forecast https://www.muhasebenews.com/en/moodys-rises-turkeys-growth-rate-forecast/ https://www.muhasebenews.com/en/moodys-rises-turkeys-growth-rate-forecast/#respond Fri, 15 Nov 2019 08:00:00 +0000 https://www.muhasebenews.com/?p=70884 Moody’s rises Turkey’s growth rate forecast

According to the news of Hürriyet Daily News, international credit ratings agency Moody’s on Nov. 14 upgraded Turkey’s economic growth forecast owing to the country’s growth-friendly fiscal policy.

“Turkey’s recovery is stronger than previously expected, but aggressive stimulus and the U.S. sanctions threat pose risk,” Moody’s said.

The global rating agency revised upward its 2019 and 2020 growth estimates to 0.2 percent and 3 percent, respectively while holding its projection for 2021 at 3 percent.

Moody’s also expected the global growth to remain sluggish as large engines of economic activity slow-down toward a lower long-term trend.

“We expect the G-20 economies, which account for more than 80 percent of the global economy, to collectively grow at an annual rate of 2.6 percent in 2020, the same rate as in 2019,” it noted, adding that it will pick up slightly in 2021 to 2.8 percent.

It estimated the deceleration in the U.S. and China to continue next year.

“Real GDP growth in the U.S. will likely stabilize around its potential, just below 2 percent. For China, we project a steady deceleration as a result of long-term structural factors,” Moody’s said.

The agency expected the growth of the G-20 emerging market countries to increase 4.3 percent in 2019, collectively registering the weakest growth rate since 2009.

It added that the emerging economies will stabilize or even pick up pace next year and in 2021.

“Growth will accelerate only slightly in 2020, at a rate of 4.6 percent, followed by 4.8 percent in 2021,” it said.


Source: Hürriyet Daily News
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Moody’s forecast no financial pressure in Euro Zone https://www.muhasebenews.com/en/moodys-forecast-no-financial-pressure-in-euro-zone/ https://www.muhasebenews.com/en/moodys-forecast-no-financial-pressure-in-euro-zone/#respond Tue, 15 Jan 2019 06:30:08 +0000 https://www.muhasebenews.com/?p=44195 International credit rating agency Moody’s stated that they are not expecting any financial pressure on companies within the next 2 years, despite the economic slowdown in Euro Zone.

Moody’s expect economic growth to decline  by 1,8% in 2019 and by 1,6% in 2020.

Richard Morawetz, senior credit officer at a Moody’s, the author of the report stated “Most European companies can manage the expected economic slowdown over the next two years fairly easily.’’

 

 

 


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Moody’s Increased the Growth Estimate of Turkey! https://www.muhasebenews.com/en/moodys-increased-the-growth-estimate-of-turkey/ https://www.muhasebenews.com/en/moodys-increased-the-growth-estimate-of-turkey/#respond Mon, 10 Apr 2017 15:24:20 +0000 https://www.muhasebenews.com/?p=13253 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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