LONDON
The revision of Turkey’s outlook reflects some further progress in stabilizing and rebalancing of the Turkish economy, said a director at Fitch Ratings.
“The revision of the outlook from negative to stable reflects some further progress in stabilizing and rebalancing the Turkish economy, easing downside risks since our previous review in July. In particular, there’s been a continuation of economic growth and of the improved current account balance which has moved into a slight surplus,” Douglas Winslow, director in Fitch Ratings’ sovereign team, told Anadolu Agency on Tuesday.
Pointing to Turkey’s strong fundamentals, Winslow said: “The external financing position
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