Turkish economy is expected to grow by 2.5 percent this year and 3 percent in 2024, Fitch Ratings said in its most recent Global Economic Outlook report.

Fitch previously predicted that Turkey would grow by 2.9 percent in 2023 and 2024.

In the report, the rating agency revised its global GDP growth call to 2.0% for 2023, up from its previous projection of just 1.4% growth. (ILKHA)