Amid ongoing geopolitical tensions between Turkey and Syria, the US-based Moody’s Investors Service provides some insights into the country’s economic situation. Key Points: Turkish economic programme growth targets risk increasing macro imbalances. Sees 2019 Turkish growth at 0.25%, rebounding to at least 3% in 2020 and 2021. New Turkey growth targets do not seem compatible with other assumptions in economic plan. Expects Turkey balance of payment pressures to resume once growth picks up. Not clear Turkish growth targets possible without significant fiscal stimulus. Until Turkey implements reforms it will remain vulnerable to balance of payment crises. Meanwhile, USD/TRY rallies hard to reach the daily tops at 5.8827, +0.86% on the day. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Forex News Today: Daily Trading News share Read Next Breaking: GBP now up more than 3% vs. USD – Biggest two-day rally in more than three years FX Street 4 years Amid ongoing geopolitical tensions between Turkey and Syria, the US-based Moody's Investors Service provides some insights into the country's economic situation. Key Points: Turkish economic programme growth targets risk increasing macro imbalances. Sees 2019 Turkish growth at 0.25%, rebounding to at least 3% in 2020 and 2021. New Turkey growth targets do not seem compatible with other assumptions in economic plan. Expects Turkey balance of payment pressures to resume once growth picks up. Not clear Turkish growth targets possible without significant fiscal stimulus. Until Turkey implements reforms it will remain vulnerable to balance of payment crises. Meanwhile, USD/TRY rallies hard… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
