Turkish economy to keep growing post-COVID-19: Fitch

LONDON

Turkey’s economy will catch up with its sustainable trend of growth next year, a Fitch Ratings’ sovereign team director said on Monday.

Turkey’s gross domestic product (GDP) will expand by 4.5% in 2021 after struggling this year due to the coronavirus pandemic, Douglas Winslow told Anadolu Agency.

“In the first quarter of this year — before the coronavirus shock — economic growth had accelerated to above 6% … we now anticipate a very sharp contraction in the second quarter, flatter growth in the third quarter, and then recovery in the fourth quarter, as activities begin to normalize after the

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