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Analysis by Region - MENA

Publisher Oxford Economics
Published Mar 14, 2025
Length 8 Pages
SKU # OFE19929293

Description

We have raised our 2025 GDP growth forecast for Turkey by 1ppt to 2.9%, following a 3.2% expansion last year. The higher projection for this year reflects better-than-expected growth at the end of 2024, which boosted the carryover, and limited evidence of activity slowing at the start of this year. Indeed, the pick-up in January retail sales suggests wage increases continue to shore up spending momentum and we have tempered our expectations of consumer pullback this year.

Table of Contents

8 Pages
Turkey: Resilient domestic demand lifts 2025 outlook
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy and politics

Pricing

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