Turkey

Fitch expects the Turkish economy to grow 4.5 per cent by the end of 2018

Fitch Ratings said it expected the Turkish economy to grow 4.5 per cent by the end of the year and 3.6 per cent by the end of next year.

This came in a report published by the International Agency on Wednesday on the global economic outlook.

According to the report, Fitch expects the Turkish economy to grow 4.5 per cent by the end of 2018, by 3.6 per cent by the end of 2019 and by 4.8 per cent by the end of 2020.

The agency also predicted inflation in Turkey would be 11.8 per cent at the end of the year, 10.0 per cent at the end of next year and 9.0 per cent at the end of 2020.

According to the agency’s report, Turkey’s interest rate is expected to be 16.75 percent at the end of this year, 14.0 percent next year and 12.00 percent in 2010.

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