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Analysis by Region - MENA

Publisher Oxford Economics
Published Jan 10, 2025
Length 9 Pages
SKU # OFE19593722

Description

We've kept our forecast for GDP growth in Turkey at a below-consensus 1.9%, although we see some upside risk given signs of slightly stronger activity at the turn of the year. The gradual slowdown in consumer spending is continuing according to credit card statistics, and we think the adjustment has a long way to go given an expected decline in real wages. Meanwhile, the December PMI signalled a lasting recovery in industry may resume soon.

Table of Contents

9 Pages
Turkey: Rate-cutting cycle to continue over the year
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

Pricing

Currency Rates
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