Monday , September 26 2022

Turkey has ceased reporting on what it expects in 2019.


Published by the United Nations (UN), 9 Economic Situation and Expectations in the World 2019 " The Turkish economy is expected to grow by 1.7% in 2019.

The report, the global economy, despite all risks, is expected to grow by 3% in 2019.

Elliot Harris, chief economist at the United Nations, said the world economy showed steady growth last year.In 2019, we estimate that growth in the world economy will be similar to the rate of the previous year. The global economy, which rose 3.1% last year, will grow by 3% despite all risks imiz Geç he said.

Harris said in a statement on the report, There are some concerns about the global economy for 2019. However, we still have strong growth, but we are facing increasing risks on the horizon and the possibility that some of these risks may arise. Increasing the tensions in world trade is the biggest risk. This danger has a negative impact on world trade and employment in the global economy Bu – he said.

"Turkey in 2019 will grow 1.7 Million"

Kamiloğlu may, according to news from the Voice of America, Turkey has pointed out, will grow by 1.7% in 2019 in the report. In the section on the report on Turkey, the depreciation of the national currency is due to economic growth and the rise in inflation on the general economic situation slowed down in 2018 indicates that the following statements have been used:

"The manufacturing sector shows steady performance in Turkey in 2018. The real estate market has fallen, Turkey's export growth in the current depreciation of the Turkish lira is expected to have a positive effect this year, and domestic demand is expected to remain weak due to the high inflation and tougher credit conditions.The Turkish economy grew by 3.5% in 2018 and is expected to grow by 1.7% in 2019. "

In the report, consumer inflation in Turkey, Turkish lira It is estimated that in 2018 it amounts to 16.1%, which is due to heavy depreciation is indicated. Despite the economic recession in 2019, consumer price inflation is estimated to be 10.2% due to the ongoing exchange rate slump.


In the report due to the tensions in the Jordan region, Lebanon and Turkey continue to be negatively affected their economies, also in rising energy prices paid by worsening trade conditions with these countries are recorded disturbing the balance. In addition, energy for the importing countries, Jordan, Lebanon and Turkey's economic uncertainty in the region are registered and adversely affected due to the large increase in public debt. The report Jordan, Lebanon and a longer structuring in Turkey has been expressed that it expects more fiscal measures to be taken. Turkey's central bank to offset the increase in the exchange rate and inflation is expected to continue its strict monetary policy have been recorded.

"Economic in Turkey and Argentina and other countries, while DE DEBLEMS may be spilled"

In the report, it is also an increase in the corporate debt of China, Brazil, Chile and other emerging all major economies, including Turkey, which are also apparent in the levels of corporate debt that are increasing.

The report states that the economic difficulties in Argentina and Turkey, mainly due to the unique problems of these countries, the economies of other countries also take the fears that were expressed in the bounce. In 2018, the sharp depreciation of the Turkish lira European financial markets, which adversely affect the total amount of Turkish loans given by the banks are registered in Spain represents 6%.

UN report, despite Turkey over the past few years of strong growth, is due to an increase in the current account deficit, a rapid increase in the debt of the private sector is experienced, uncertainty in regional tension and trade policy suggests that it broke the morale of investors.

2018 in particular when serious crises throughout the year, the financial markets in Argentina and Turkey, Argentine pesos in 2018 during the first nine months of the lost value between about 40 and 50 years, it was noted that the strengthening of the dollar in both countries.

Turkey in foreign exchange rates due to growing private sector concerns and external borrowing by people using the dollar as a result of growing debt-specific risks. the Gulf countries to increase their export earnings, but noted that there had been a sharp contraction in imports into Turkey.

Argentina, together with the strengthening of financial reports in the US, Canada, China, Japan, Iran, Turkey and the European Union (EU), said a slowdown in some other major economies, including.

In the report, the highest growth rates were recorded among emerging economies in the world in 2018, with 5.8% in East Asia and 5.6% in South Asia.


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