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World Bank upgrades 2015 growth forecasts for Turkey

by ChemOrbis Editorial Team -
  • 13/10/2015 (14:43)
Media reports stated that the World Bank has raised its 2015 economic growth projections for Turkey. According to the bank, Turkey’s economy will grow 3.2% in 2015, up from its previous growth estimate of 3%.

However, the bank also reported that they expect the Turkish economy to decelerate in the second half of the year due to political uncertainty and turmoil that hurt the country’s investments.

Meanwhile, according to the IMF, Turkey’s inflation will remain above target at around 7.5 percent by the end of the year.
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