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Analysis by Region - MENA

Publisher Oxford Economics
Published Dec 12, 2024
Length 9 Pages
SKU # OFE19463644

Description

Analysis by Region - MENA



We've kept our 2025 GDP growth forecast for Turkey unchanged at 1.9% as we expect economic momentum will remain downbeat over the near term. This follows the Q3 GDP data release, which showed an expansion of 2.1% y/y, matching our projection. The consumer adjustment remains gradual but sentiment dipped in November amid the slow improvement in the inflation trend. The authorities will seek to limit downward pressure on activity, with Turkey's central bank on the cusp of rate cuts.

Table of Contents

9 Pages
Turkey: A gradual recovery will follow the technical recession
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
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

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