Economics
IMF Raises Growth Forecast for Turkey, Points at Financing Risks
Closed stores during a weekend curfew in the Taksim district of Istanbul.
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
The International Monetary Fund raised its growth forecast for Turkey’s economy amid the coronavirus vaccine rollout, while warning the pandemic response worsened pre-existing financial risks.
Gross domestic product in Turkey is expected to expand by about 6% in 2021, the IMF said in statement after concluding its Article IV mission. The fund previously forecast 5% growth.