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Expectations for Turkish Economy Unveiled by Fitch

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The international credit rating agency “Fitch” has maintained the rating of the Turkish economy at the level of “B” with a negative outlook.

Turkey’s ‘B’ rating reflects weak external financing and increased economic distortions due to political and geopolitical risks.

The agency also indicated that the Turkish economy is expected to grow by 2.5% in 2023.

She explained that in 2024, the Turkish economy is expected to continue growing by 3%.

Source: Prime + Turkpress

With over a decade of experience, Brice Foster is an accomplished journalist and digital media expert. In addition to his Master's in Digital Media from UC Berkeley, he also holds a Bachelor's in Journalism from USC. Brice has spent the past five years writing for WS News Publishers on a variety of topics, including technology, business, and international affairs.

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