Turkey Economic Outlook
February 6, 2018High-frequency indicators suggest economic momentum, while resilient, moderated in recent months. It was aided by robust domestic demand and a recovery in the external sector, but hampered by the government’s depleted fiscal stimulus. Economic conditions remained supportive of growth early this year, with the manufacturing PMI recording its highest figure in seven years in January, and both consumer and business sentiment shooting up in the same month. Nonetheless, the blistering pace of growth in 2017 came at the expense of a deterioration in the country’s external metrics: The 12-month rolling current account deficit widened to a three-year high in November, further exposing the country to shifts in investor appetite because of Turkey’s reliance on short-term inflows to finance its deficit.
Turkey Economic GrowthEconomic growth will experience a soft landing this year as the government limits the extent of its fiscal stimulus and focuses on maintaining the economy on a steady course ahead of next year’s twin elections. In addition, a weak dollar and strong investor sentiment towards EM assets boosted inflows of foreign capital last year, but further tightening by the Fed this year and swings in global market sentiment continue to pose major threats to Turkey’s financial stability. The Met the why particular panel expects growth of 3.9% this year, which is up 0.2 percentage points from last month’s estimate. It also expects growth of 3.8% in 2019.
Turkey Economy Data
5 years of Turkey economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||11.59||-0.09 %||Feb 22|
|Exchange Rate||3.78||-0.85 %||Feb 22|
|Stock Market||116,841||1.41 %||Feb 22|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Turkey Economic News
February 20, 2018
The consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, held steady from January’s print at 72.3 in February.
February 14, 2018
The current account balance recorded a USD 7.7 billion deficit in December, widening the gap from the USD 4.4 billion shortfall recorded in December 2016 and marking the largest monthly deficit since December 2013.
February 1, 2018
The manufacturing sector performed brilliantly at the outset of the year, with activity in the sector accelerating markedly on soaring order books.
January 25, 2018
After three consecutive months of declines, the Real Sector Confidence Index published by the Central Bank rose to 118.3 in January, from 113.3 in the previous month.
January 23, 2018
The consumer confidence index, which is published by the Statistical Institute in cooperation with the Central Bank, rose to an eight-month high of 72.3 in January, up from 65.1 in December.