The result of the constitutional referendum strengthened our view that the RUB will remain well anchored – we expect stability against the USD in the near term and a mild depreciation to RUB73/USD in the coming year.
ADA Economics Ltd. is an independent research company focused on Europe within a global context, that provides effective analysis to manage financial risk.
We provide currency, sovereign bond yields, residential real estate and stock market projections that reflect our broader economic and political analysis.
#Turkey: Preliminary 3Q #GDP growth data recorded at 6.7%, above 4.8% consensus. Early sentiment data for 4Q are constructive and overall year growth is within reach – a feat in the year of the pandemic.