The International Monetary Fund (IMF) released its World Economic Outlook Report for April. The report included data that was not very encouraging for Turkey.
The International Monetary Fund (IMF) released its World Economic Outlook Report for April 2022 today. The report also included growth and inflation forecasts for Turkey for 2022. Forecasts presented by the IMF, Turkey not expecting a very positive future revealed.
According to the published report, 2022 growth forecast for Turkey, reduced from 3.3% to 2.7%. Growth forecast for 2023 3% While the most crucial point was consumer inflation. IMF’s 2022 consumer inflation forecast 60.5%if the forecast for 2023 37.2% took place as
The effects of the Russia-Ukraine war will spread over a wide area
The IMF did not point to a bright future with its global forecasts, which were deeply affected by the Russia-Ukraine war. Global growth forecast for 2022 when reduced from 4.4% to 3.6%IMF Chief Economist Pierre-Olivier Gourinchas announced that the war has added new ones to the series of supply shocks that have hit the global economy in recent years, and that the effects of the war will spread to a very wide area through commodity markets, trade and financial connections.
Expectations announced by the Central Bank:
The results of the April Market Participants Survey shared by the Central Bank of the Republic of Turkey, The year-end inflation expectation increased to 46.44%. had shown. The growth expectation for 2022 was announced as 3.2%.
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Source :
https://www.sozcu.com.tr/2022/ekonomi/imf-turkiyenin-yil-sonu-buyume-tahminini-dusurdu-enflasyon-tahminini-yukseltti-7084401/