Analysis by Region - MENA
Our 2024 GDP growth forecast for Turkey is unchanged at 2.7% and we see the expansion slowing to 1.9% next year. Recent data corroborate our pessimism on the near-term outlook. We think output shrank in sequential q/q terms in Q3, as the domestic economy buckles under tight financial conditions. We see downward pressure on consumer spending persisting into 2025.
- Turkey: Recent data suggest economy likely contracted in Q3
- 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
Research Assistance
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