22.09.2020

​Following China and South Korea, Turkey is set to be the 3rd least-affected country by the novel coronavirus as indicated by the “Economic Outlook, Interim Report” for September 2020 released by the Organization for Economic Co-operation and Development (OECD).

OECD has revised upwardly its contraction forecast for Turkey’s economy in 2020 up to -2.9 percent from -4.8 percent. OECD has further forecasted a 3.9 percent GDP growth rate in 2021 for the Turkish economy.
Minister of Treasury and Finance Berat Albayrak released a statement, in which he said, “Hopefully, this forecast will even be revised better thanks to our strong economy. We owe a profound debt of gratitude to all our health care workers and our laborers who would not give up on production.”
Meanwhile, OECD made an upward revision of its global contraction forecast as well, revising its projection from -6 percent in June to -4.5 percent.

Source: Investment Office of Republic of Turkey
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.