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Macro - Country Economic Forecasts - Turkey

Publisher Oxford Economics
Published May 17, 2022
Length 9 Pages
SKU # OFE17190267

Description

Macro - Country Economic Forecasts - Turkey

We maintain our below-consensus GDP growth forecasts for Turkey at 2.1% and 2.5% for 2022 and 2023. The spiralling inflation, now at 70%, is leading to the steepest fall in real incomes since 2009, which, coupled with deteriorating sentiment, will increasingly weigh on domestic demand. Meanwhile, the positive contribution from net exports is set to moderate, despite still resilient export performance.

Table of Contents

9 Pages
Turkey: Rising inflation and surging import bill weigh on economy
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

Pricing

Currency Rates
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