Unicredit, Italy’s largest bank, shared its 2022 and 2023 forecasts for Turkey. “The perfect storm is approaching for Turkey.” The report, in which the expressions are used, predicts that 2022 will reach 2021. According to the report, in 2023, there will be great changes in Turkey.
Italy-based financial giant Unicreditshared their 2022 and 2023 forecasts for Turkey. In the prepared report, both the year 2021 and 2022 and 2023 estimated data Referring to the experts, they used very striking expressions about our country. If you wish, without further ado, let’s take a closer look at Unicredit’s report on Turkey.
According to the report prepared by Unicredit, Italy’s largest bank, Turkey will be higher inflation will encounter. According to experts, TURKSTAT will announce inflation data of more than 50 percent in 2022. By the end of 2022, annual inflation 37 percent Unicredit officials, who predict that the level of inflation will be seen, think that the inflation of 2023 will be 18.7 percent.
“Dollar/TL will rise to 18 again”
Unicredit’s Turkey report also makes predictions about the Turkish lira and exchange rate parities. According to the bank, USD/TL at the end of 2022 will have reached levels 18 once again. Italians believe that the euro/TL parity will reach 19.80 by the end of 2022. According to economists who make 2023 forecasts as if there will be a government change, the dollar will be in the next year. 13.50 TL will be level. The forecast for the end of 2023 euro/TL parity is 14.58.
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“The perfect storm is approaching for Turkey”
According to the statements made by Italy’s largest bank, the Central Bank of the Republic of Turkey, continue the rate cut will remain. When we come to the end of the year, we will have met with 12 percent policy interest. Unicredit, which thinks that the current policies will continue the depreciation of the Turkish lira, Currency-protected TL deposit accounts won’t work either. it states. Unicredit, “The perfect storm for Turkey is approaching.“He said. According to the Italians, the current government will take new steps and take measures on the subject, but the crisis, unfortunately, will not be resolved with these measures. In fact, according to Unicredit, additional measures to be taken are not necessary. There is also the possibility of backlash.
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