wiiw Forecast Reports

TURKEY: Shifting from external to internal demand


Serkan Çiçek

in: Mixed Prospects: Consumption Leads Fragile Recovery in the CESEE Core – CIS Stumbles
wiiw Forecast Report No. Autumn 2015, November 2015 , pp. 129-133

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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.


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

Countries covered: SEE, Turkey