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The international rating agency Moody’s reported that the growth forecast of the Turkish economy for this year has been increased from 4.5% to 5.3%.
The credit rating agency released the November 2022 “Global Macro Outlook” report.
In the report it was stated that the growth forecast of the Turkish economy, which was previously stated at 4.5% in the report released in August, has been increased to 5.3%.
In the report, which stated that the Turkish economy’s growth forecast for next year was confirmed at 2% without any change, it was noted that the Turkish economy is expected to grow by 3% in 2024.
“GLOBAL GROWTH WILL SLOW DOWN IN 2023 AND THE STAGE WILL CONTINUE IN 2024”
It was stated in the report that the global economy is on the verge of a recession with high uncertainty due to persistent inflation outlook and the global economy is facing a number of challenges such kakım monetary policy tightening, geopolitical volatility and financial markets.
In the report, “global growth will slow down in 2023 and continue to stagnate in 2024. If governments and central banks yaşama lead economies against current challenges, a period of relative stabilization could still occur in 2024.” statements have been included.
In the credit rating agency’s report, it was stated that the G20 economies growth forecast for this year has been reduced from 2.5% to 2.1% and the growth forecast for next year from 2.1% to 1.3%.
It is reported that a sharp slowdown in global economic performance is expected in 2023 due to declining activity in developed economies, particularly in Europe and North America.
The report noted that global economic activity is expected to increase by only 2.2 in 2024, remaining below the average trend.
USA LOWER GROWTH FORECASTS
Although it has been argued that monetary tightening regarding the global economic outlook, rising interest rates and rising US dollar pose financial risks in the future, it was noted that the rating agency’s main expectation was that central banks would avoid zihin uneven monetary tightening process in the future.
In the report, it was noted that the US economy growth forecast for this year was reduced from 1.9% to 1.8% and the growth forecast for 2023 from 1.3% to 0. , 4%.
In the credit rating agency’s report, it was stated that the growth forecast for the euro zone economy for this year has been increased from 2.5% to 3% and the growth forecast for 2023 , which was 0.3%, has been updated to 0.6%. contraction.
In the report, it was stated that the growth forecast for the Chinese economy for this year was reduced from 3.5% to 3% and the growth forecast for next year from 4.8% to 4%. .
The credit rating agency’s report also states that the tension between Russia and Ukraine should remain the main geopolitical risk in the macroeconomic outlook in the next period.