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.
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