RaboResearch - Economic Research

Country Report

Turkey (Country Update)

Turkey's economy appears to be headed for a soft-landing, after nearly overheating in 2011. While domestic demand growth came to a halt, exports took over as the main driver of growth. For 2012, we expect growth to come in at roughly 3%.

Economic Update

Economic Update Emerging Markets

Several emerging markets continue to experience a slowdown in growth. Growth in 12Q2 went down in both Russia and Turkey, while growth in China is likely to slow down further in Q3 as well. Meanwhile, industrial production in Mexico remained strong.

Special

Turkey: Achievements and challenges (Special)

Over the past decade, Turkey broke with its turbulent past, while positioning itself as a regional power. It now enjoys stable public finances and a well-regulated financial sector. But, despite these achievements many challenges remain.

Economic Comment

Turkey: growth slows, but worries remain

Turkey’s economic growth slowed in 4Q11. Still, volatile growth rates, combined with large current account deficits and stubbornly high inflation rates remain worrisome.

Economic Comment

Turkey: keeping heads cool helps

While Turkey’s industrial production growth is slowing, both inflation and the current account deficit remain elevated, suggesting that the central bank must not ease policy just yet.