TITLE

TRY: Robust Economy To Underpin Appreciation

PUB. DATE
August 2007
SOURCE
Emerging Markets Monitor;8/13/2007, Vol. 13 Issue 18, p18
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
The authors predict the performance of the Turkish lira in the foreign exchange markets. They forecast that the currency is set for continued steady appreciation over the long-term, with a move to TRY1.1000/US$ toward the end of the five-year forecast period expected. The authors observe the robust macroeconomic profile of the country, indicated by solid real economic growth, strong foreign investment capital inflow and an improving balance of payments.
ACCESSION #
26200833

 

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