Policy normalization helps restore stability in Türkiye: World Bank
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ISTANBUL The normalization of monetary and fiscal policies in Türkiye is helping to restore macroeconomic stability as inflation pressures gradually ease, domestic demand cools and external vulnerabilities lessen, the World Bank has said in a report. Growth is set to slow to 3.2 percent in 2024, from 5.1 percent in 2023, as the economy rebalances from the consumption-led expansion, according to the bank’s Europe and Central Asia Economic Update. The bank noted that all the major credit rating
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