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Heurist Finance

Goldman Sachs Expects Turkey to Accelerate Lira Depreciation to Stabilize External Balances

Bloomberg ·
GS
  • Goldman Sachs economists predict Turkey will allow the lira to decline against the dollar at an annualized rate in the mid-20% range.
  • The anticipated move prioritizes external-balance stabilization even at the cost of a slower disinflation process.

Quotes

“even if that implies disinflation will be slower”— Clemens Grafe and Basak Edizgil, Economists, Goldman Sachs

Sources