Turkish economy: stable forecast
In 2019, sales of Turkish real estate to foreign investors are breaking records of all past years. Statistics confirm a monthly increase in sales of 70-80% compared to 2018. Investors in Turkish real estate are undoubtedly interested in the economic situation in the country and the prospects for the development of the Turkish economy in the world market. On August 5, S&P Global Ratings, one of the leading analytical agencies in the global financial market, published forecasts for Turkey's credit rating for the coming years. The forecasts for both national and foreign currencies are stable in the long term: the country's long-term rating in national currency is fixed at BB-, in foreign currency at B +. According to S&P Global Ratings analysts, in 2020, the Turkish economy will overcome the existing problems, and GDP growth will reach 3.2%.