wiiw Forecast Reports

TURKEY: Inevitable economic slowdown in sight


Serkan Çiçek

in: Labour Shortages Driving Economic Growth?
wiiw Forecast Report No. Autumn 2016, November 2016 , pp. 116-120

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Although economic growth was firm in the first half of 2016, driven by an increase in private consumption and government spending, expectations have somewhat waned recently owing to rising vulnerabilities. Despite the government’s measures to boost private consumption, we expect a GDP growth rate of 3.3% for the current year, before it slows down to 3% and 2.7% for 2017 and 2018, respectively.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Turkey