Turkey's Erdogan says credit agencies derail economy

2018-03-31 06:52:25

(MENAFN) On Friday, Turkey's president criticized credit rating agencies for trying to derail Turkey's economy.

"You know how credit rating agencies reported against our country and how they are struggling to not let global capital come to Turkey," Recep Tayyip Erdogan told a meeting of provincial chairs of the ruling Justice and Development (AK) Party.

Erdogan's remarks in the capital Ankara came one day after the Turkish Statistical Institute (TurkStat) announced Turkey"s economy grew 7.4 per cent in 2017 compared to the previous year.

"I hope such a result will be a lesson to everyone at a time when credit rating agencies' grade games and currency speculations have reached a peak," Erdogan said.

MENAFN3103201800450000ID1096676487

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.