wiiw Forecast Reports
TURKEY: Shifting from external to internal demand
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Economic growth has accelerated in the first half of 2015, driven by a hike in final consumption expenditures and an increase in private investment despite the current political uncertainties. However, the parity between dollar and euro and weak global growth led to the contribution of exports to Turkish GDP growth turning slightly negative. Overall, we expect GDP growth of around 3% for 2015 and the years to come.
Countries covered: SEE, Turkey