Inflation Forecasts for Turkey Rise Due to War

One of the largest investment banks in the USA Goldman Sachsupdated its inflation forecasts for Turkey. According to analysts, the Russia-Ukraine war, unfortunately, a larger current account deficit for Turkey, higher inflation and it will return as lower growth. As soon as the war ends and who will suffer the most, it seems that Turkey will take its share from the war just north of it.

According to Goldman Sachs analysts, Turkey’s inflation will increase in the coming months. exceeding 60 percentwill see its highest levels in history. In the next process, there will be a partial recovery. By the end of 2022, Goldman Sachs 45% inflation He thinks we will meet. The ratio of current account deficit to national income is expected to be around 2.5 percent.

Previous estimates had not risen above 60 percent.

Goldman Sachs’ previous inflation forecasts for Turkey, as of May 2022 60 percent levels will be difficultwas that there would be a pullback to 40 percent levels at the end of the year. However state of warhas changed the minds of analysts. Time will tell what will happen.

To be frank, the predictions made daily aspect can change We are in a process. Since the first day of the war, Turkey tried to stand in the middle and not take sides. However, the Montreux Convention on the Straits and the attitude of the international community towards Russia started to corner Turkey as well. The war that broke out in these days when the summer season is approaching primarily in tourism about to We will see together how it will affect our relations with Russia.