On February 21st the economic outlook for Turkey remains stable and they retain their BB status according to credit rating agency Fitch. There is strong economic growth which is predicted to be around 4.3% up until 2021, with inflation coming down to near single digits again.
Despite the global decline in foreign direct investment, which was down more than 40% in developed countries, Turkey continues to register an increase in FDI over the last two years. In 2018 Turkey saw 13.2 billion Dollars of FDI which was a 14% increase year on year.
The banking sector also saw healthy numbers with the Banking Regulation and Supervision Agency registering a 16.1% increase in total asset value for 2019.
