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Credit rating agencies also boosted Turkey's GDP forecast for 2019 by 0.8 percentage points to 0.3X25, fueled by a strong second quarter.
The Fitch Ratings logo can be seen at the Canary Wharf Financial District office in London, UK on March 3, 2016.
(Reuters Archive)
Credit rating agency Fitch revised Turkey's outlook from "negative" to "stable" on Friday and confirmed its BB rating.
The agency also boosted its 2019 GDP forecast by 0.8 percentage points, boosted by a strong second quarter of 0.3X25.
Pitch maintained GDP growth in 2020 at 3.1X25 and 3.6X25 in 2021.
"Turkey has made progress in rebalancing and stabilizing the economy since it was reviewed in July," said Pitch Analyst.
"Current account balances have improved, foreign exchange reserves have risen, economic growth has continued, inflation has declined, interest rates have been drastically reduced but Lira has backed it." Syria-related sanctions. "
Source: AA
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