16
Nov
13:47
Fiscal tightening curtails Turkish infrastructure spend, economy contracts
Turkey’s economy will contract every quarter through mid-2019, with Gdp growth in 2018 forecast at just 1.5%, followed by a -2% contraction in 2019, according to Moody’s. Persistent high inflation and the expected slowdown in lending will curtail growth, which should then rebound 3% in 2020.
Turkey’s economy began decelerating rapidly in the third quarter, in the wake of the currency crisis. “Double-digit inflation, a steep increase in bo…
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Very good overview of the weekly steel market.
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