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    Tag: Turkish Economy

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    OECD revises up Turkey’s growth forecast for 2020

    The Organization for Economic Cooperation and Development (OECD) on Thursday upgraded Turkey’s growth forecast for 2020. In its latest economic survey of Turkey, the organization found that “the Turkish economy’s recovery from the first wave of the pandemic was strong but faced headwinds.” It said the country’s growth forecast rate is estimated to have declined by 0.2% in 2020 instead of 1.3% as previously expected.