International credit rating agency Fitch Ratings has expressed optimism about Türkiye's economic outlook for 2025.
The agency believes that the country's recent policy rebalancing efforts have led to a significant reduction in external vulnerabilities and improved market perception.
Fitch Ratings highlighted the importance of maintaining tight monetary policy conditions and implementing rational fiscal policies to further reduce inflation and strengthen the economy. The agency noted that while significant progress has been made, high and persistent inflation remains a challenge.
The analysis also emphasized the need for Türkiye to continue its efforts to rebuild the credibility of its monetary policy and ensure sustained access to external financing.
As Türkiye moves forward, the international community will be closely watching the country's economic performance and its ability to navigate global economic uncertainties. (ILKHA)
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The Domestic Producer Price Index (D-PPI) in Turkey saw an increase of 29.47% annually and 0.66% monthly in November 2024, reflecting the general economic trends observed over the past year.
Türkiye’s Treasury and Finance Minister, Mehmet Şimşek, has announced that services inflation has dropped to its lowest level since November 2021, signaling progress in the country’s efforts to reduce economic rigidities.
Türkiye's Consumer Price Index (CPI) recorded a significant annual increase of 47.09% in November 2024, alongside a monthly rise of 2.24%, reflecting ongoing inflationary pressures.