International Organization Warns Türkiye: The Cost Will Increase - Sözcü Newspaper
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7 Articles
S&P Global Ratings predicted that the war in the Middle East would increase inflation in Türkiye through energy prices and slow economic growth. S&P argued that household confidence in the Turkish lira remains intact and that the economy can weather the energy shock.
Economic giant S&P Global Ratings, which estimates Turkey's economy can weather the shock even though the war in the Middle East has increased inflation pressure on energy prices, expects growth to come in at 3 percent this year.
S&P Global Ratings lowered its growth forecast for Turkey to 3%, predicting that the war in the Middle East will increase inflation in Turkey through energy prices. The agency expects average inflation to be 30.9% this year, but assessed that household confidence in the Turkish lira remains intact.
S&P Global Ratings reported that household confidence in the lira in Türkiye remains resilient and that, despite the energy price shock stemming from the war in the Middle East creating upward pressure on inflation, the country's economy can weather the effects of the shock.
According to an analysis of the Turkish economy published by S&P Global Ratings, the resilience of household confidence in the Turkish lira and the decrease in demand for foreign currency have influenced the Central Bank of the Republic of Turkey's...
S&P Global Ratings reported that household confidence in the lira in Türkiye remains resilient and that, despite the energy price shock stemming from the war in the Middle East creating upward pressure on inflation, the country's economy can weather the effects of the shock.
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