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Moody's expects Turkish GDP to fall to 4% next year
Moody's: The continued rise in inflation in Turkey will significantly slow down the momentum of growth in 2022 and expectations of a decline in GDP to about 4% next year
Moody's: The lira's weakness has increased the shift to the dollar, but confidence in the banking system remains strong and there is no sign of deposits being withdrawn
Moody's: Further rate cuts in Turkey in December could push inflation above baseline expectations
Moody's expects the consumer price index in Turkey to rise to 25% or more in the coming months, and to range between 17 and 18% at the end of 2022
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