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They expected the lira to drop steadily until 2022
The rating agency Standard & Poor's Global has announced that an expected drop would regularly affect the Turkish lira over the next three years and that the number of bad debts would double by 8% over the next 12 years. next few months.
"We are currently forecasting a steady depreciation of the Turkish currency throughout 2022," said Tuesday the Standard & Poor's analyst, Maxim Rabnikov.
The banking sector analyst, Majar Kumdian, added that the level of non-performing loans, with at least 90 days of arrears, would be about 8% at the end of the year, although the overall amount of loans doubtful amounts to 15%. 20 percent.
Turkey's inflation rate is three times higher than that of countries with similar emerging markets, and the country is in a basket including countries with huge inflation rates, such as Argentina (22.9%) and Ukraine (13.6%).
In October, the annual inflation rate reached 25.2%, which was passed on to investors in the housing sector, and suffered losses of 17% on the basis of real value.
Experts: For these reasons, an economic disaster awaits Turkey
Already electronic newspaper
previously
2019-02-19
The rating agency Standard & Poor's Global has announced that an expected drop would regularly affect the Turkish lira over the next three years and that the number of bad debts would double by 8% over the next 12 years. next few months.
"We are currently forecasting a steady depreciation of the Turkish currency throughout 2022," said Tuesday the Standard & Poor's analyst, Maxim Rabnikov.
The banking sector analyst, Majar Kumdian, added that the level of non-performing loans, with at least 90 days of arrears, would be about 8% at the end of the year, although the overall amount of loans doubtful amounts to 15%. 20 percent.
Turkey's inflation rate is three times higher than that of countries with similar emerging markets, and the country is in a basket including countries with huge inflation rates, such as Argentina (22.9%) and Ukraine (13.6%).
In October, the annual inflation rate reached 25.2%, which was passed on to investors in the housing sector, and suffered losses of 17% on the basis of real value.
February 19, 2019 – 14 Jumada Al-Akhirah 1440
The time now is 08:46 PM
They expected the lira to drop steadily until 2022
The rating agency Standard & Poor's Global has announced that an expected drop would regularly affect the Turkish lira over the next three years and that the number of bad debts would double by 8% over the next 12 years. next few months.
"We are currently forecasting a steady depreciation of the Turkish currency throughout 2022," said Tuesday the Standard & Poor's analyst, Maxim Rabnikov.
The banking sector analyst, Majar Kumdian, added that the level of non-performing loans, with at least 90 days of arrears, would be about 8% at the end of the year, although the overall amount of loans doubtful amounts to 15%. 20 percent.
Turkey's inflation rate is three times higher than that of countries with similar emerging markets, and the country is in a basket including countries with huge inflation rates, such as Argentina (22.9%) and Ukraine (13.6%).
In October, the annual inflation rate reached 25.2%, which was passed on to investors in the housing sector, and suffered losses of 17% on the basis of real value.
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