Economics
IMF Says Turkey’s Economy Prone to Shocks Amid Reserve Losses
- Inflation expected to remain high, reserves to fall further
- Article IV review cites domestic, international risks
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The International Monetary Fund forecast strong growth for Turkey this year, while saying risks have increased after reserves declined from previously low levels.
Gross domestic product in Turkey is expected to expand by about 5.75% in 2021 and return to a slower trend next year, the IMF said in statement on Friday after a so-called Article IV review mission to the country.