Turkey’s economy shrank in third quarter amid temporary political turmoil and falling tourism revenues. The contractions on the expenditure side were mirrored by declines on the production side. We revise...
Turkey’s economy shrank in third quarter amid temporary political turmoil and falling tourism revenues. The contractions on the expenditure side were mirrored by declines on the production side. We revise...
A surprising surge in investment supported growth in the second quarter of 2015. The hoped-for external adjustment fueled by a weaker lira and significantly lower oil prices has not materialized. Domestic...
A surprising surge in investment supported growth in the second quarter of 2015. The hoped-for external adjustment fueled by a weaker lira and significantly lower oil prices has not materialized. Domestic...
Weaker domestic demand is projected to slow real GDP growth to 2.4 percent in 2014 from 4.0 percent in 2013. Turkey’s fiscal and financial sector buffers are sufficient to ward off further possible shocks...