HOME » wiiw Current Analyses and Forecasts » Volume: Fasting or Feasting? Europe - Old and ... » Turkey: Growth and inflation – mutual slowdown
Three phenomena are topical features of the Turkish economy: relatively low real GDP growth after a spectacular growth bonanza in 2010-11; relatively high, albeit decelerating, inflation; and a somewhat diminished, though still high current account deficit. This deficit, which is of a structural nature, raises concerns about the long-term sustainability of high growth. This notwithstanding, growth may re-accelerate in 2013 and 2014, if external circumstances allow for this. In recent years, Turkey's exporters have been successful in selling to non-EU countries, and this is likely to continue during the next few years. Slow growth or stagnation in the EU has an impact on Turkey, but not necessarily an overwhelming one.
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Turkey: Growth and inflation – mutual slowdown (by Josef Pöschl) in: Fasting or Feasting? Europe - Old and New - at the Crossroads, wiiw Current Analyses and Forecasts No. 10, July 2012, pp. 103-105 DOWNLOAD (Login required)
Countries covered: SEE, Turkey |
Add to cartThree phenomena are topical features of the Turkish economy: relatively low real GDP growth after a spectacular growth bonanza in 2010-11; relatively high, albeit decelerating, inflation; and a somewhat diminished, though still high current account deficit. This deficit, which is of a structural nature, raises concerns about the long-term sustainability of high growth. This notwithstanding, growth may re-accelerate in 2013 and 2014, if external circumstances allow for this. In recent years, Turkey's exporters have been successful in selling to non-EU countries, and this is likely to continue during the next few years. Slow growth or stagnation in the EU has an impact on Turkey, but not necessarily an overwhelming one.
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