wiiw Forecast Reports

TURKEY: Outperforming the region – for now


Richard Grieveson

in: Recovery Beating Expectations
wiiw Forecast Report No. Autumn 2021, October 2021 , pp. 119-122

Download 10 add to cart  

The economy is currently booming, underpinned by strong credit growth, robust domestic consumption, and the impact of the global recovery on export demand and tourism. Ultra-loose monetary policy by the major economies is supporting capital inflows; but as the US, in particular, starts to taper its asset purchases, the risks for Turkey’s external financing will rise. While the short-term outlook is good, the usual vulnerabilities remain – not least high inflation and uncertainty over the direction of monetary policy.


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

Countries covered: Turkey