Goldman Sachs raises Turkiye 2022 GDP growth forecast to 55% from 35%, Pivot Orderbook analysis

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Goldman Sachs (GS) said on Thursday it had raised its forecast for Turkey’s 2022 GDP growth to 5.5% from 3.5%, while lifting its 2022 current account deficit forecast to $45 billion from $36 billion, per Reuters.

The news also adds that the GS said the Turkish Central Bank’s forex reserves had risen sharply since the third week of June and that, with less of an external funding constraint, it was updating its macro forecasts and market views.

Also read: USD/TRY finally reaches 18.20 and beyond, new 2022 highs

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