The World Bank expects that Turkey’s growth will rebound to 3% in 2020, a top World Bank economist said.
“Last year growth was higher than the expected. We were expecting negative growth […] Because we were expecting some sorts of consolidation, tightening of the policy in last year and it did not materialize.
Yes, Turkey did surprised us on the upper side in 2019.” Franziska Ohnsorge, manager of the World Bank’s Development Economic Prospects Group, told Anadolu Agency.
Ohnsorge said the World Bank updated Turkey’s growth forecasts for 2019 from -1 to 0.
“We do expect a rebound. We