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25-02-21
Turkish rate for 2022 revises up from 4 percent
(MENAFN)On Wednesday, Moody's altered Turkey’s economic expansion estimation to 1.1 percent for 2020 from a 5 percent decline and 3.5 percent for 2021 from 4 percent.
The country's volume for 2022 was also revised up from 4 percent to 5 percent, report published by Moody's showed.
Gross domestic product (GDP) is estimated to boost in all G20 economies, the report further stated.
"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 the management of the pandemic."
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