wiiw Forecast Reports

TURKEY: Election uncertainty looming


Meryem Gökten

in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 121-125

free download

Despite the various challenges, economic momentum was strong in the first half of 2022, but began to slow in Q4. In 2023, Turkey has been grappling with the fallout from February’s devastating earthquakes and the political uncertainty surrounding the upcoming May elections. Growth will slow this year, due to a combination of external vulnerabilities and internal structural challenges. The easing of political instability and increased reconstruction investment are likely to stimulate growth in 2024-2025.


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

Countries covered: Turkey