Analysis by Region - Emerging Markets - Turkey

Analysis by Region - Emerging Markets - Turkey

The powerful earthquakes that hit Turkey and Syria on February 6 have caused a human tragedy. In Turkey alone, more than 36,000 people are confirmed dead, and the toll keeps rising. The scale of economic damage will take time to become clear. Our updated baseline sees a real GDP impact of 1.7 ppts in the near-term amidst disruption in the affected region. Overall, we have lowered our 2023 GDP growth forecast to 0.5%, down from 1.2% prior to the disaster.

Turkey: Earthquakes deal another blow to a hurting 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
Economic development
Structure of the economy
Balance of payments and Structure of trade
Policy and Politics

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