Economics
Turkey Sees Fast Economic Rebound in 2021 as Pandemic Dissipates
- Economy will escape contraction in 2020, Albayrak says
- Inflation expectations are worse than July estimates
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Turkey expects its economy to escape a contraction this year and perform a sharp recovery in 2021 as demand gets back to normal following the coronavirus pandemic.
Against the backdrop of an improving growth outlook, consumer inflation will remain above the official estimates provided by the central bank in July, according to medium term targets announced by Treasury and Finance Minister Berat Albayrak on Tuesday.