Fitch: US dollar will exceed 3,0 TRY/USD in Turkey

The international rating agency prepared a shock report on Turkish economy

Baku. 6 May. REPORT.AZ/ Fitch international rating agency has prepared a shock report on the Turkish economy. According to the report, in the coming months is expected to increase inflation and unemployment, and US dollar will exceed 3,0 TRY/USD in this country. GDP per capita will be reduced from the current level of 10,500 dollars to 1000 dollars. Report informs, the information is reflected in the recent report of the Business Monitor International agency Fitch.

Fitch sent a report to companies operating in Turkey, which reflects the information about the rapid growth of inflation, the number of unemployed exceeded 6 million and a reduction in exports.

According to the report, international companies wishing to invest in Turkey, changing their plans. Political tensions in the region is high and it is possible that the plans for the entrance of Turkey into the EU will be postponed for another 10 years. Due to the tensions on the border with Iraq and Syria, Turkey joined the list of countries with high risk of terrorist threats.

According to the report, the national per capita income in 2015 will be reduced to 9560 dollars, and the dollar by the end of the year will make 2,92 TRY/USD, at the end of 2016 - 3,0 TRY/USD. Also forecasted a sharp rise in negative balance of payments.

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