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Moody's has revised Turkey's growth rates for 2020 and 2021 from minus 5 percent to 1.1 percent and from 3.5 percent to 4 percent, respectively.

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.