Moody’s raised Turkey’s growth forecast

Moody’s affirmed Turkey’s 2021 growth forecast for the year of 3.5 to 4 percent, while the growth forecast for 2022 reported that 4 percent to 5 percent increase.

International credit rating agency Moody’s published “Global Economic Outlook” update report in February, before Turkey’s economy in 2020, the organization predicts a 5 percent contraction in the direction of growth was revised to 1.1.

The report also estimated that 3.5 percent growth for the year 2021. Turkey’s economy 4, while the growth forecast for 2022 was raised to 5 percent from 4 percent was noted.

“G-20 economies will return to growth. But in 2021, improvement will not be uniform. We expect GDP to increase in all G-20 countries compared to last year, but some countries may take longer than others to return to full capacity. Fiscal and monetary policy response will play an important role in this as well as in epidemic management. ” Emphasizing that G-20 countries are expected to grow by 5.3 percent in 2021 and 4.5 percent in 2022, while the growth in the Eurozone is projected to be 3.7 percent this year and 3.9 percent next year. done.


In the report, which is estimated to be 7.1 percent in the Eurozone in 2020, it was underlined that the US economy is expected to grow by 4.7 percent in 2021 and 5 percent in 2022.

In the report, which stated that the German economy is expected to grow by 3 percent in 2021 and 4 percent in 2022, it was noted that the UK is expected to grow by 4.7 percent in 2021 and 4.8 in 2022.

Also, China’s 7.5 percent in 2021, 5.5 percent in 2022, India’s 13.9 percent in 2021, 5 percent in 2022, Brazil’s 3.3 percent in 2021, 2022 It was reminded that it is expected to grow by 2.6.

In the report, it was also reported that Russia is expected to grow by 2.3 percent in 2021, 2.1 percent in 2022, Mexico 5.5 percent in 2021 and 2.6 percent in 2022.


Source: bigpara- GÜNDEM by

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