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Analysis by Region - MENA

Publisher Oxford Economics
Published Feb 18, 2025
Length 9 Pages
SKU # OFE19846960

Description

We've kept our 2025 GDP growth forecast for Turkey at a below-consensus 1.9%, down from an estimated 2.7% expansion last year. The moderation in the January PMI and capacity utilisation rates suggests industry is not out of the woods despite a surge in output in December 2024. We don't think the US will impose targeted tariffs on its imports from Turkey, but expect the global tariff turmoil will act as a headwind for activity and investment.

Table of Contents

9 Pages
Turkey: Softening labour market will hold back the consumer
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

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