HSBC Analyzes Turkey’s Economic Outlook
HSBC has released an analysis regarding Turkey’s economic outlook.
The report stated that the implemented policies have positively impacted the economy.
It emphasized the reduction of dollarization and highlighted the increase in portfolio investments.
The bank revised its inflation forecast from 48% to 44.6% for the end of this year, and from 29% to 27.7% for the next year.
HSBC has set its end-of-year dollar forecast at 36 lira and indicated that it does not expect any interest rate cuts this year.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
