The report added that the strong activity of the tourism sector is expected to continue Turkey Until the beginning of the winter months.
Agency predicted "Standard & Poor’s" In its report that there is a sharp contraction in the economy Euro-zone during the coming period.
Earlier, the agency modified "Fitch" Its forecast for the growth of the Turkish economy during 2022 to increase, and raised it from 4.5 percent to 5.2 percent.
On the other hand, she raised Organization for Economic Cooperation and Developmentthe ceiling of its expectations for the growth of the Turkish economy for 2022, from 3.7 percent to 5.4 percent, and the organization expected that the Turkish economy would achieve growth next year of up to 3 percent, while it expected that the rate would stabilize inflation During 2022, at around 71 percent.
The Turkish economy achieved a growth in the first quarter of the year by 7.3 percent, according to data from the Turkish Statistical Institute issued last May. It recorded a growth of 7.6 percent on an annual basis in the second quarter of this year, a slight increase than expected, driven by the increase in exports and domestic and foreign demand. Turkish Statistical Institute data showed that gross domestic product grew by 2.1 percent.
Growth is expected to slow in the second half of the year due to a slowdown in domestic and external demand, due to the expected slowdown in Europe, which is Turkey’s largest trading partner. Last year, the Turkish economy recovered strongly from "corona"And achieved growth of 11.4 percent, the highest rate in a decade.
Economists predict that Turkey’s growth spurt may not go on track. A recent survey indicated that annual gross domestic product growth may decline in the fourth quarter of the year to 1.3 percent.
Indeed, it showed signs of slowing down Industrial production Andretail saleswith business conditions among Turkish manufacturers deteriorating, in July, to the maximum extent since the first wave of the coronavirus pandemic "corona".
The risk remains recession in Europe A source of concern, in particular, because it is the main destination for Turkish exports. Turkey’s central bank has, indeed, acknowledged a loss of some momentum in Economy A reasonable response to the price cut Benefit.
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The agency explained in a report, titled “Prospects International Economy” that Turkish economy During the second quarter of the year, it achieved growth that exceeded expectations.
The report added that the strong activity of the tourism sector is expected to continue Turkey Until the beginning of the winter months.
agency predictedStandard & Poor’sIn its report that there is a sharp contraction in the economy Euro-zone during the coming period.
Earlier, the agencyFitch“Its forecast for the growth of the Turkish economy during 2022 to increase, and raised it from 4.5 percent to 5.2 percent.
On the other hand, she raised Organization for Economic Cooperation and Developmentthe ceiling of its expectations for the growth of the Turkish economy for 2022, from 3.7 percent to 5.4 percent, and the organization expected that the Turkish economy would achieve growth next year of up to 3 percent, while it expected that the rate would stabilize inflation During 2022, at around 71 percent.
The Turkish economy achieved a growth in the first quarter of the year by 7.3 percent, according to data from the Turkish Statistical Institute issued last May. It recorded a growth of 7.6 percent on an annual basis in the second quarter of this year, a slight increase than expected, driven by the increase in exports and domestic and foreign demand. Turkish Statistical Institute data showed that gross domestic product grew by 2.1 percent.
Growth is expected to slow in the second half of the year due to a slowdown in domestic and external demand, due to the expected slowdown in Europe, which is Turkey’s largest trading partner. Last year, the Turkish economy recovered strongly fromcoronaAnd it achieved growth of 11.4 percent, the highest rate in a decade.
Economists predict that Turkey’s growth spurt may not go on track. A recent survey indicated that annual gross domestic product growth may decline in the fourth quarter of the year to 1.3 percent.
Indeed, it showed signs of slowing down Industrial production Andretail salesIn July, business conditions among Turkish manufacturers deteriorated to the maximum since the first wave of the coronavirus pandemic.
The risk remains recession in Europe A source of concern, in particular, because it is the main destination for Turkish exports. The Central Bank of Turkey has, indeed, acknowledged a loss of some momentum in the Economy A reasonable response to the price cut Benefit.