wiiw Forecast Reports
TURKEY: Economy shrugging off political noise with help of external demand
publication_icon
in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 123-127
The economy is growing strongly, thanks to both government-driven stimulus
and robust foreign demand. However, continued political noise – both at home
and abroad – risks knocking the recovery off course. Rapid private credit
growth is also a source of concern, although the main risk remains the large
external financing requirement, which leaves Turkey highly exposed to
further tightening of monetary policy in the US.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Turkey