Moody's expects economic resilience from Turkey

Moody's expects Turkey's fiscal policy to "absorb some of the shocks to the economy”.

Moody's expects economic resilience from Turkey

World Bulletin / News Desk

International credit rating agency Moody's expects Turkey's fiscal policy to protect it from potential economic shocks, according to a report it released Tuesday.

The report on the vulnerability of sovereign countries in Europe, Middle East and Africa, said that despite political turbulence and market volatility exposing Turkey to economic shocks, the country's economy should remain resilient because of its relatively low foreign-currency debt at 13 percent of Gross Domestic Product (GDP).

The report also stated that Turkey is adjusting its financial policy to reduce the sensitivity of government debt to interest rate changes and that fiscal policy is able to absorb shocks to the economy. 

Last Mod: 25 Mart 2014, 14:22
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