wiiw Forecast Reports

TURKEY: Economy shrugging off political noise with help of external demand


Richard Grieveson

in: CESEE Back on Track to Convergence
wiiw Forecast Report No. Autumn 2017, November 2017 , pp. 123-127

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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