Turkey’s Albayrak: GDP growth seen at 0.3% in 2020
|Turkish economy is likely to expand 0.3% in 2020, said the Finance Minister Berat Albayrak said on Tuesday.
In the worst-case scenario, Turkey's economy could contract 1.5% in 2020, he said.
Additional quotes
Turkish GDP growth seen at 5.8% in 2021, 5% in 2023.
“Turkish unemployment rate seen at 13.8% in 2020, 12.9% in 2021.”
“Turkish inflation rate seen at 10.5% in 2020.”
“Turkish inflation rate seen at 8% in 2021, 4.9% in 2023.”
“Turkish current account deficit-to-GDP seen at -3.5% in 2020.”
Market reaction
The Turkish lira shrugs-off comments from the Finance Minister, as the rout extends into a fifth straight week.
USD/TRY refreshed record highs at 7.8542 in the last hour, now trading at 7.8473, still up 0.60% on the day.
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