September 30, 2019 / 8:38 AM / 21 days ago

Turkey revises growth forecasts for 2019, 2020

ANKARA, Sept 30 (Reuters) - Turkey’s economy is expected to grow 0.5% in 2019 and 5% in 2020, Finance Minister Berat Albayrak said on Monday, revising last year’s forecast of 2.3% growth for this year and 3.5% in the next.

Presenting the government’s medium-term economic programme, Albayrak said leading indicators point to a recovery in economic activity as of the third quarter. The growth forecast for 2021 was unchanged at 5%, the same as that for 2022. (Reporting by Tuvan Gumrukcu, Ezgi Erkoyun and Daren Butler Writing by Ali Kucukgocmen Editing by Dominic Evans)

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