Macro - Country Economic Forecasts - Turkey
Turkey's economic performance surprised to the upside in Q1, prompting an upward revision to our 2022 GDP growth forecast, which we now see expanding at a 3% pace, 0.9ppts higher than a month ago. However, the surge in inflation is swiftly eroding purchasing power and weighing on consumer demand, as seen in recent high-frequency data, including the PMI survey, and we think the economy will have contracted in Q2.
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook