London, August 6 (HNA) – The year-end consumer inflation (CPI) expectation in Turkey rose from 15.64 percent to 16.30 percent. According to the Turkish Statistical Institute data, the CPI increased by 1.80 percent on a monthly basis in July, by 10.41 percent in the first seven months of the year, and by 18.95 percent on an annual basis.
According to the survey data of the Central Bank, while the 12-month CPI expectation was 12.62 percent in the previous survey period, it was determined as 12.48 percent in this survey period, and the CPI expectation after 24 months was determined as 10.43 percent and 10.52 percent, respectively, in the same survey periods.
According to the survey results, while the year-end exchange rate (USD/TL) expectation decreased from 8.99 lira in the previous survey period to 8.94 lira in this survey period, the expectation for the exchange rate after 12 months increased from 9.34 lira in the previous survey period to 9.37 lira.
On the other hand, while the GDP growth expectation for 2021 increased from 5.8 percent in the previous survey period to 6.0 percent in this survey period, the GDP growth expectation for 2022 is 4.0 percent in this survey period as in the previous survey period. was determined as.
The International Monetary Fund (IMF), which updated its World Economic Outlook Report, reduced its 2021 growth expectation for the Turkish economy to 5.8 percent. In the previous report published in April, the growth expectation was shown as 6.0.
In the IMF report, the growth expectation for 2022 was predicted as 3.3 percent. In April, the growth expectation for 2022 was 3.5 percent.
According to the report, while the global economy is expected to grow by 6.0 percent in 2021, the growth forecast for 2022 increased from 4.4 percent to 4.9 percent.
In the report, it was also stated that inflation rates are expected to return to pre-epidemic levels in many countries in 2022, although it was pointed out that inflation is expected to increase due to high food prices in some developing economies.