Europe's expectations for the growth of the Turkish economy in 2018 and 2019

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Europe's expectations for the growth of the Turkish economy in 2018 and 2019

The European Commission (EC) has forecast that the Turkish economy will grow by 4.7% this year and 4.2% in 2019, according to a report issued on Thursday, May 4th.

With these expectations, the European Commission has reduced the fact that Turkey's economy grew by 7.4% last year, 2017, according to the Statistics Authority of Turkey

Returning to the expectations of the European Commission, he pointed out that the rates of inflation in Turkey this year will reach 10.9% and will decrease in the next year 2019 to reach about 9%

This indicates that the economy in Turkey is under the control of the Turkish government and will be the future plan to reduce inflation and thus improve the investment opportunities for foreign exchange

As for the unemployment rate, the Commission's expectations of a drop from 9.8% this year to 9.4% at the end of next year

The unemployment rate in Turkey is relatively few and the government is constantly seeking to reduce this percentage by providing the necessary facilities for foreign investors and the opening of more projects to create new jobs and revitalize the country fully

 

As for the European Commission's forecasts for the euro area, the expected growth rate for the current year was 2.3% and will fall to 2% at the end of next year 2019

 

This, in turn, suggests that the most suitable place for future investments is Turkey, especially investment in real estate, because even if the current situation is not fully stable, the future will certainly carry a lot of profits for investors in Turkey.

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