New Inflation Forecast for Turkey from Goldman Sachs

In Turkey, especially in the last 4 months of 2021, there was a serious increase in inflation with the rising exchange rate and the decrease in interest rates. While it is stated that the efforts in the fight against inflation are continuing, experts from both Turkey and abroad have so far stated that will remain high in 2022 explanations came.

Another of these statements came from the US-based banking giant Goldman Sachs today. Goldman Sachs, in the statement it shared, of inflation throughout 2022 expect it to remain above 60% explained. The bank explained the reason for this as the ‘unstable’ policy stance of the authorities in Turkey and the increase in energy prices after the invasion of Russia.

Description of Goldman Sachs

“With influences from different channels, we estimate that inflation in Turkey will remain above 60% annually for most of 2022. Turkey’s balance of payments is affected by ongoing conflicts in the region and emerging markets may weaken due to the lack of risk appetite“

Minister Nabati: We will see a decrease and normalization in inflation with the summer months

Minister Nabati, in his statement in France on March 16, “Definitely in inflation from summer We will see the decline and a rapid normalization, especially from the end of the year.” had used the words. In his speech to foreign investors, Nebati also drew attention with the following statement:

“The thing I dislike the most is the legislation or bureaucracy that causes difficulties for investors. Let’s fight together we overthrow the bureaucracywe have our President behind us, relax, we will also change the legislation.”