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IMF Raises Growth Forecast for Turkey, Points at Financing Risks

Closed stores during a weekend curfew in the Taksim district of Istanbul.

Closed stores during a weekend curfew in the Taksim district of Istanbul.

Photographer: Kerem Uzel/Bloomberg

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.