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Tag: forecast
Fitch Ratings has slashed its outlook for economic growth in Turkey, citing mainly the Turkish Lira’s fall, and warned of “significant and widespread downside risks.” “The lira’s sharp fall will force a rebalancing of Turkey’s economy through lower growth and a narrowing of the current account deficit,” Fitch Ratings said in a statement on Sept. 4. “We have cut our growth forecasts for 2018-2020, and...