{"id":4216,"date":"2019-09-20T14:24:12","date_gmt":"2019-09-20T09:24:12","guid":{"rendered":"http:\/\/umang.pk\/2019\/09\/turkish-economy-shows-very-impressive-resilience-expert\/"},"modified":"2019-09-20T14:24:12","modified_gmt":"2019-09-20T09:24:12","slug":"turkish-economy-shows-very-impressive-resilience-expert","status":"publish","type":"post","link":"https:\/\/umang.pk\/en_us\/2019\/09\/20\/turkish-economy-shows-very-impressive-resilience-expert\/","title":{"rendered":"Turkish economy shows ‘very impressive resilience’ \u2013 expert"},"content":{"rendered":"
\n
\n

\u201cTurkey has shown very impressive resilience, flexibility, recovery and stabilization during the summer financial crisis,\u201d said pitcher Ed Parker.<\/h3>\n<\/p><\/div>\n
\n \"One
\n

One of the leading credit rating agencies, Fitch Ratings is located in New York, USA.
\n(AA)
\n <\/figcaption><\/figure>\n

Experts at Fitch Ratings say Turkey has repeated \u201cvery impressive\u201d bounces in the challenges facing Turkey last summer.<\/p>\n

"Turkey showed very resilient and flexible last summer's financial crisis, and it recovered and stabilized," said Ed Parker, managing director of Fitch Ratings in Europe, the Middle East and Africa.<\/p>\n

Parker pointed out Turkey's strong basic principles, saying that the country's balance sheet, low government debt and the status of private banks are relatively good.<\/p>\n

It also appreciated the dynamics and flexibility of the Turkish private sector.<\/p>\n

Parker also stressed that in addition to a decrease in inflation, he posted a current account surplus instead of a deficit.<\/p>\n

According to recent Turkish Central Bank data, Turkey's current account balance recorded a $ 1.2 billion surplus in July, an improvement from a $ 2.2 billion deficit in July 2018.<\/p>\n

According to the Turkish Bureau of Statistics TurkStat, consumer prices in Turkey in August rose 15{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} year over year compared to about 16.5{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} year-on-year.<\/p>\n

"They didn't have a hard time getting the money they needed to raise money. There was a lot of doubt last year."<\/p>\n

Parker said there are still significant risks to the economic outlook and that the economic recovery so far has had a significant impact on fiscal stimulus and state banks.<\/p>\n

Parker predicts that the government's total deficit this year will reach 4 percent of GDP.<\/p>\n

"We are also seeing deterioration of the asset quality of banks, especially state-owned banks," he said. In the Middle East. "<\/p>\n

Source: AA<\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>\n

Source Link : https:\/\/www.trtworld.com\/turkey\/turkish-economy-shows-very-impressive-resilience-expert-29961?utm_source=other&utm_medium=rss<\/p>","protected":false},"excerpt":{"rendered":"

\u201cTurkey has shown very impressive resilience, flexibility, recovery and stabilization during the summer financial crisis,\u201d said pitcher Ed Parker. One of the leading credit rating agencies, Fitch Ratings is located in New York, USA. (AA) Experts at Fitch Ratings say Turkey has repeated \u201cvery impressive\u201d bounces in the challenges facing Turkey last summer. "Turkey showed […]<\/p>\n","protected":false},"author":1,"featured_media":4217,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/4216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/comments?post=4216"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/4216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/media?parent=4216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/categories?post=4216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/tags?post=4216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}