wiiw Forecast Reports
TURKEY: A tough adjustment and a challenging year ahead
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in: Moving Into the Slow Lane
wiiw Forecast Report No. Spring 2019, March 2019 , pp. 144-148
The worst of the crisis may have passed, assuming that the government does not attempt any radical measures and that relations with the US do not deteriorate. However, the economy will have a difficult year in 2019. Things should improve by 2020, with the economy bouncing back to reasonable growth. External risks remain, but the current account deficit has shrunk considerably, reducing vulnerabilities, and a more dovish US Federal Reserve provides important support.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Turkey