The International Monetary Fund's (IMF) Turkey delegation announced Saturday that the Turkish economy is projected to grow by 0.2% this year, followed by a 3% growth in 2020.
An evaluation report issued by the IMF said its delegation for Turkey has completed Article 4 negotiations. The report stressed that economic growth has become more dependent on external loans after the global financial crisis, while various instabilities and the change in market perceptions triggered the depreciation of the lira in 2018.
The IMF underscored that the Turkish lira recovered due to the decrease in market pressures, while the decrease in imports and the strong tourism season contributed to the extraordinary recovery of the current account.
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