Turkey 's economic growth forecast for 2019 has been lowered from 3.6 % to 1.2 % by finance agency Fitch . turkey is struggling with a currency crisis , as a slump in the value of the lira diminishes spending power and hits inflation and business confidence . Fitch also lowered the country 's 2018 inflation forecast by 10 percentage points to 3.8 % .
Turkey's economic growth forecast for 2019 has been lowered from 3.6% to 1.2% by ratings agency Fitch. Turkey is struggling with a currency crisis, as a slump in the value of the lira diminishes spending power and hits consumer and business confidence. Fitch also lowered the country's 2018 growth forecast by 0.7 percentage points to 3.8%.