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Market expectations for the FED rate path in 2019 are shifting towards a slower pace of policy tightening

5c06cf07472be
BM.GE
04.12.18 23:00
670
Market expectations for the FED rate path in 2019 are shifting towards a slower pace of policy tightening, following more dovish FED statement. OECD projects short-lived contraction in Turkey, before recovering to around 2.7% growth in 2020. In October growth of exports, tourism and remittances stood at 13.8% YoY in USD terms - stronger growth compared to the previous month. Oil prices crashed last month amid concerns regarding the global demand growth as well as increasing supply levels. Increasing optimism that major oil producing countries will continue to manage the supply levels, translated into some recovery of prices by the end of November.

Source: TBC Research