Turkish economy to recover from recession in 2020: IMF
WASHINGTON - Reuters
There will be negative growth in Turkey this year but the International Monetary Fund (IMF) are expecting a recovery in 2020 and in fact this recovery is an important part of the element that goes toward the whole global recovery, Gita Gopinath, IMF chief economist, has said.
“We have no reason to think that Turkey is even contemplating coming to the IMF so that’s where we are at this point,” she added.
“The [Turkish] New Economic Program provides a framework to deal with complex issues in the economy. Against this backdrop, a comprehensive and credible policy mix is needed to secure macroeconomic stability,” the IMF report said.
“Greater transparency about financial balance sheet health, and further strengthening balance sheets where needed, would be helpful in addressing lingering uncertainties,” it added.