Analysis by Region - MENA

Analysis by Region - MENA

We have raised our GDP forecast for Turkey by 0.9ppts to a 4.8% expansion in 2022 and expect 0.8% growth in 2023. The upgrade reflects a stronger-than-expected Q2 GDP result. However, with inflation climbing above 80% and the global backdrop worsening, our view remains that a slowdown is in store for the economy in the coming months and into 2023.

Turkey: Solid Q2 to give way to a slowdown in H2 and into 2023
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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