Macro - Country Economic Forecasts - Turkey

Macro - Country Economic Forecasts - Turkey

Turkey's economic performance surprised to the upside in Q1, prompting an upward revision to our 2022 GDP growth forecast, which we now see expanding at a 3% pace, 0.9ppts higher than a month ago. However, the surge in inflation is swiftly eroding purchasing power and weighing on consumer demand, as seen in recent high-frequency data, including the PMI survey, and we think the economy will have contracted in Q2.

Turkey: Strong Q1 prompts 2022 GDP forecast upgrade
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
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

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