wiiw Forecast Reports

TURKEY: Recovery arrives but risks rising again


Richard Grieveson

in: Braced for Fallout from Global Slowdown
wiiw Forecast Report No. Autumn 2019, November 2019 , pp. 122-126

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The economy is expanding in quarterly terms, but overall growth is still likely to be negative in 2019. From next year the recovery will firm; we expect the economy to expand by a bit more than 3% in 2020-21. However, while external vulnerabilities are much reduced, the possibility of serious sanctions and volatility in the exchange rate related to the military operation in Northern Syria pose material downside risks to our forecasts.


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

Countries covered: Turkey