wiiw Forecast Reports
TURKEY: Growth will remain strong but external risks are significant
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The economy had a strong 2017, underpinned by significant government stimulus and booming external demand. Growth will be lower during the forecast period, but still robust, driven by private consumption, and helped by benign external conditions. However, the downside risks are significant. The large external financing requirement will leave Turkey exposed to a sharper-than-expected hike in US rates or change in global investor sentiment.
Countries covered: Turkey