Analysis by Region - MENA

Analysis by Region - MENA

We raised our 2024 GDP growth forecast to 2.5% from 1%, as a Q4 expansion of 1% q/q beat our expectations, boosting the carryover. The latest data suggest an increase rather than stagnation in sequential growth in Q1, and we expect economic activity to hold up thereafter. Our forecast is now broadly consistent with the consensus view.

Turkey: Upside Q4 GDP surprise triggers upgrade to 2024 outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluati

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