IMF Updates Turkey's Growth Forecast

IMF updates Turkey's growth forecast. The IMF changed its forecast for 2020 to 1.2 percent.

The IMF updated Turkey's growth forecast. The International Monetary Fund (IMF) revised Turkey's growth forecast for 2020 to 1.2 in the January update of the World Economic Outlook report. The IMF announced its forecast of 5 percent shrinkage in October. The growth forecast for 2021, announced by the IMF, was increased by 1 percentage point to 6 percent compared to October. The IMF reported its 2022 growth forecast of Turkey as 3.2 percent, decreasing 0.5 percentage points compared to October. Expressing that the economy of Turkey is expected to grow in 2021 yesterday, the International Monetary Platform stated that the country's economy is expected to grow by 6 percent this year. In the statement made by the IMF, the leading findings of the audit under the Article 4 consultation on the economy of Turkey were stated, however, it was stated that the coronavirus epidemic affected the economy and health sector in Turkey as in all other countries.