The European Union changed its forecast for Turkey’s economic growth,
raising its growth expectation for the country’s GDP from minus 2.3
percent to 0.3 percent.
The report entitled “Autumn 2019 Economic Forecast” expected the Turkish economy will grow 3.1 percent in 2020 and 3.5 percent in 2021.
The economy recovered faster than expected from last year’s currency crisis, supported by a large fiscal stimulus and strong growth contribution of net exports, according to the report.
The report also forecasted the unemployment rate to drop to 13.7 percent this year, 13.3 percent next year and 12.9 percent in 2021.
Read more at: EU: Turkey’s Economy Recovered Faster Than Expected | Asharq AL-awsat
The report entitled “Autumn 2019 Economic Forecast” expected the Turkish economy will grow 3.1 percent in 2020 and 3.5 percent in 2021.
The economy recovered faster than expected from last year’s currency crisis, supported by a large fiscal stimulus and strong growth contribution of net exports, according to the report.
The report also forecasted the unemployment rate to drop to 13.7 percent this year, 13.3 percent next year and 12.9 percent in 2021.
Read more at: EU: Turkey’s Economy Recovered Faster Than Expected | Asharq AL-awsat
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