wiiw Forecast Reports

TURKEY: Looking good, for now

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Richard Grieveson

in: Uncertainty in Turbulent Times
wiiw Forecast Report No. Spring 2020, March 2020 , pp. 147-150

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Turkey has again confirmed its status as the most high-beta economy in CESEE, with a host of indicators suggesting that a ‘V-shaped’ recovery is in progress. The currency crisis and sharp economic downturn of 2018–2019 now seem a long time ago, following a sharp bounce-back in the second half of last year. Growth could be around 4% this year, but that will mean a return to reliance on credit growth and external imbalances, and the old familiar vulnerabilities of the Turkish economy.

 

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

Countries covered: Turkey


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