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#Business #Covid19 #EconomicAnalysis #OECD #Ukraine #TURKEY
Denys Bédarride
Friday 7 October 2022 Last update on Friday, October 7, 2022 At 7:00 AM

The Organization for Economic Co-operation and Development (OECD) predicts a growth rate of 5.4% for Turkey in 2022.

According to the report published Monday by the Organization, “the effects of the Covid-19 pandemic still linger on the economy, while the war in Ukraine slows growth”.

In this context, the OECD said that the high inflation rate has held up longer than expected and that this necessitates a further increase in interest rates.

Thus, the Organization has maintained its forecast of a 3% growth rate for the world economy in 2022, as it announced in June.

However, it revised down its forecast for 2023, from 2.8% to 2.2%.

As for the Turkish economy, the OECD now forecasts a rate of 5.4% for 2022, contrary to a previous estimate of 3.7%. It maintained the 3% forecast for 2023.

The OECD, which forecast a rate of 1.6% for the euro zone in 2023, now forecasts growth of 0.3%.

Source : Anadolu Agency

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