Emerging market

JP Morgan in a special report discusses in detail the FTSE Russell announcements and the possible revision of Greece to a developed market. “FTSE Russell will add Greece for possible promotion from advanced emerging (EM) to developed markets (DM).

Türkiye's membership may be welcomed news for BRICS in the near future as Ankara applied for full-fledged membership with the economic bloc this week, according to Russian media.

Sputnik said BRICS may view Türkiye's membership positively, as the country boasts the 17th largest economy in the world, according to the International Monetary Fund (IMF).

Turkey has formally applied to join the leading emerging markets organization, BRICS, according to Bloomberg, as it seeks to boost its global influence and forge new ties beyond its traditional Western allies, according to people foll

Foreign Minister Hakan Fidan will embark on a two-day visit to Russia on June 10 to participate in a gathering of counterparts from the BRICS group of emerging economies, according to Turkish diplomatic sources.

Turkish Foreign Minister Hakan Fidan said on Tuesday his country is interested in joining the BRICS group that includes China and several emerging economies such as Brazil, Russia, Iran and India.

"Certainly, we would like to become a member of BRICS. So we'll see how it goes this year," Fidan said during a visit to Beijing, where he met with his Chinese counterpart, Wang Yi.

Market reaction to Turkey's reforms will be "very positive," as they will attract more investors to the country, the chair of U.K.-based think tank Chatham House told Anadolu Agency on Nov. 23. 

The International Monetary Fund (IMF) has downgraded its growth forecasts for 2019-2021, primarily reflecting negative surprises to economic activity in a few emerging markets.

In its latest World Economic Outlook, the fund expected global economy to grow 2.9 percent in 2019, 3.3 percent in 2020, and 3.4 percent in 2021

A World Bank report released late on Jan. 8 projected the Turkish economy would grow 3 percent in 2020 and 4 percent in 2021, rebounding from earlier financial turmoil at a faster pace than expected as domestic demand improves.

The bank revised its previous forecast that Turkey would contract 1 percent in June 2019 to 0 percent in its latest Global Economic Prospects report.

According to the International Monetary Fund (IMF), the global economy has been growing slowly during the global financial crisis. Experts see the reasons for this in trade conflicts and geopolitical risks.

Argentina's economic turmoil has raised some concerns for future emerging economies, revealing some facts about the role of the International Monetary Fund (IMF) in global development and providing opportunities for Turkey, experts say.