Fitch raises its 2022 growth forecast for Turkish economy
Turkey’s economy performed much better than expected in the first quarter of this year, international credit rating agency Fitch Ratings said in its Global Economic Outlook Report.
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“The Turkish economy is expected to grow by 4.5 percent this year, 3 percent in 2023, and 2.9 percent in 2024,” the agency noted.
The agency had previously predicted that the Turkish economy would grow 2.4 percent in 2022 and 3.2 percent in 2023.
Meanwhile, the agency slashed its 2022 growth expectation for the global economy from 3.5 percent to 2.9 percent. (ILKHA)
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An Israeli airstrike early Friday morning completely destroyed an 8-story residential building in Beirut's Basta area, killing at least four people and injuring 23, according to Lebanon’s Health Ministry.
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Russian President Vladimir Putin announced on Friday that Russia would persist with testing its new Oreshnik hypersonic missile in combat scenarios and confirmed that a stockpile of the weapon was ready for deployment.
