IMF urges structural reform for Turkish economy

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Ankara

The International Monetary Fund (IMF) has forecast that Turkish gross domestic product (GDP) will grow by about 6 percent this year, which was more optimistic than some recent analysts’ expectations.

Timothy Ash, a London-based senior emerging markets strategist at Bluebay Asset Management, said he expects real GDP growth of 2 to 3 percent for the Turkish economy.

“I expect this rate assuming Turkish Finance Minister Naci Agbal holds the higher for longer monetary policy mantra and that sees the current account closer to balance for the year,” he told Arab News.

Similarly, a recent Reuters poll that was announced on Jan. 18 predicted that Turkey’s economy will grow by 4 percent in 2021.—AN

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