content tagged with fitch ratings

‍In a statement about the downgrade, Fitch Ratings has said, "Policy-driven financial stress episodes of higher frequency and intensity have increased Turkey's vulnerabilities in terms of high inflation, low external liquidity and weak policy credibility​."

Fitch Ratings has affirmed Turkey’s credit rating at “BB-” while revising its outlook to stable from negative. The agency expects Turkey's current account deficit to fall to 2.9 percent in 2021 and 2.1 percent of GDP in 2022.

Fitch has updated its global economic outlook forecasts amid coronavirus outbreak. Having announced that the economy would shrink by 3.9 percent globally, the agency now estimates that the global economy will shrink by 4.6 percent in 2020.