IMF: Turkey’s economy to grow by 6% in 2021
by ChemOrbis Editorial Team - content@chemorbis.com
Turkey’s economy is set to grow by 6% in 2021 and inflation is expected to fall modestly toward the end of 2021, the International Monetary Fund (IMF) revealed in its latest report.
In the report, the IMF stated that the recent interventions in monetary policy paved the way for a recovery in the economy, but it exacerbated the existing vulnerabilities and made the economy more fragile to internal and external risks.
The IMF emphasized the need for a credible and detailed plan for fiscal consolidation to maintain the current tight monetary policy and the recovery of the economy in the medium term.
In the report, the IMF stated that the recent interventions in monetary policy paved the way for a recovery in the economy, but it exacerbated the existing vulnerabilities and made the economy more fragile to internal and external risks.
The IMF emphasized the need for a credible and detailed plan for fiscal consolidation to maintain the current tight monetary policy and the recovery of the economy in the medium term.
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