wiiw Forecast Reports
TURKEY: Political risk will continue to weigh on growth
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in: Cautious Upturn in CESEE: Haunted by the Spectre of Uncertainty
wiiw Forecast Report No. Spring 2017, March 2017 , pp. 123-128
TURKEY
During the 2017–2019 forecast period, the Turkish economy will grow at a much slower rate than in recent years. This partly reflects political risks, both domestic and international. In this context, and at a time of monetary tightening by the US Federal Reserve, the financing of Turkey’s large current account deficit will be more challenging. Monetary tightening by the Turkish central bank will remain limited, which will exacerbate the weakness of the lira and keep inflation high.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Turkey