World Bank: Turkish Economy Will Contract by 3.8%
The World Bank shares its predictions about the economic situation of countries through the reports it publishes. In the reports published in certain months…
The World Bank shares its predictions about the economic situation of countries through the reports it publishes. In the reports published in certain months…
The World Bank shares its predictions about the economic situation of countries through the reports it publishes. The delegation, which explains the growth and contraction values of gross domestic product in the reports published in certain months, announced its views on Türkiye in June.
The World Bank, in its report titled Global Economic Outlook shared in January, stated that Türkiye's economy will be expected to grow in 2020. 3.0% growth He announced that he was waiting. In April, the delegation changed its ideas about the growth rate and changed the calculated growth rate. reduced to 0.5%. In the report published today, the current situation of Türkiye's economy 3.8% contraction It was predicted that he would live.
According to the World Bank, Türkiye's economy will shrink:
The previous report showed that the value of our country's gross domestic product for 2021 will increase by 4.0% He said it was, but in the new report published today, this value to 5.0% removed. As can be seen from the new report, although the situation of the economy this year does not seem encouraging, a positive increase may be seen next year.
The World Bank, which also shares its comments globally, reduced the 2020 growth rate in its new report compared to its previous report. The delegation announced that the new contraction percentage was 5.2 and gave us good news for 2021. It seems that the growth rate will increase from 2.6% to 4.2% in 2021, where there will be no contraction like 2020.
The World Bank, which shared its views on the US economy in June, revised the 1.0% growth rate it shared in its previous report and %6,1 shared as. For 2021, growth is expected in the USA, just like in our country. In the report, the delegation increased the growth percentage for 2021 from 1.7 to 4.0. Eurozone The forecast for 2020 was for 1.0% growth, but this value was changed to 9.1% contraction.
Stating that developed economies will contract by 7.0% in 2020, the World Bank added that developing economies will contract by 2.5% this year but may grow at a rate of 4.6% in 2021.
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