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World Bank downgrades Turkey’s GDP growth forecast to 1.4%

World Bank downgrades Turkey’s GDP growth forecast to 1.4%

The World Bank has downgraded Turkey’s GDP (Gross Domestic Product) growth forecast to 1.4% for 2022 in its latest report due to the Russia-Ukraine war and internal dynamics. The ECA (Europe and Central Asia) Economic Update report said the country wouldn’t maintain its GDP growth of 11.0% in 2021. “The war in Ukraine is exacerbating...