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S&P affirms Turkey’s credit rating and the outlook
Credit rating agency S&P confirmed Turkey's rating and outlook as "B +" and "stable" as expected, on Friday. The organization estimated GDP at 3.6%, inflation at 12.5% ​​and unemployment at 13.4% for 2021. The growth forecast includes a serious revision against the forecast of 3.3% contraction in July. Despite the Covid-19 outbreak in 2020 Turkey’s economy estimated to be grown by 0.9%, as it was
Biden and Powell speeches
Biden's speech, which is expected to give details of the financial stimulus package tonight, will be important. The financial package, which is expected to be approximately 2 trillion USD in size, is predicted to include funds for vaccine distribution, small businesses, schools, state and local governments, as well as increasing paychecks from USD 600 to USD 2000. The fact that the Senate is 50-50 in the new term makes it
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