Country Economic Forecasts > Turkey - Oxford Economics Services

Country Economic Forecasts > Turkey

Country Economic Forecasts > Turkey - Oxford Economics Services
Country Economic Forecasts > Turkey
Published Dec 14, 2015
10 pages — Published Dec 14, 2015
Price US$ 185.00  |  Buy this Report Now

About This Report

  
Abstract:

The economy grew by a faster-than-expected 1.3% q/q in Q3, up 4.0% y/y. This was driven mainly by strong public spending prior to the November 1 parliamentary election re-run and by the continued resilience of private consumption. But the lack of clarity on the political and economic outlook weighed on investment and business confidence. The strong Q3 figures have pushed up our real GDP growth forecast for 2015 to 3.5%, up from 2.9% previously. Nevertheless, the economy continues to face significant domestic and external headwinds. Rising geopolitical tensions also cloud the economic outlook. And the lira has come under renewed pressure ahead of the US Feds anticipated rate hike. Domestically, we expect the new AKP government to continue pursuing consumption-led growth policies. This will be to the detriment of the economys long-run potential and also undermine competitiveness. A pick-up in consumption growth is expected for 2016 on the back of an increase in the minimum wage. But this will not be enough to offset weaker investment and export growth. We now expect the economy to grow by around 3% in 2016.

  
Source:
Document ID
322742
Country
Format:
PDF Adobe Acrobat
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Sections

Title
Turkey:
The following represents a general Table of Contents outline for the Country Economic
Forecast. The actual report may cover any or all of the topics listed below.
- Highlights and Key Issues - four/five paragraphs of analysis covering the
main economic and political issues contained in the subsequent Economic Overview
- Forecast Table showing % changes for the country - with 2 years of historical
data and 4 years of forecast data for the following:
- Domestic demand
- Private consumption
- Fixed investment
- Stockbuilding (% of GDP)
- Government consumption
- Exports of goods and services
- Imports of goods and services
- Unemployment
- Consumer prices
- Current account balance (US$ and % of GDP)
- Government budget (% of GDP)
- Short-term interest rates (%)
- Long-term interest rates (%)
- Exchange rate (vs. US dollar)
- Exchange rate (vs. euro)
- Economic Overview - two pages of events-driven analysis highlighting the
most recent economic activity and, where relevant, political developments of the
country, detailing significant changes to Oxford Economics' forecasts
- Charts and Tables - covering a full range of economic developments relevant
to the time period covered. These could include such topics as:
- Contributions to GDP growth
- Monthly industrial output
- Business and consumer confidence
- Unemployment rate
- Retail sales
- Prices and earnings
- Consumption and investment
- Government balance and debt
- GDP and industrial production
- Monetary policy and bond yields
- Background Information on the country
- One or two pages of text covering the main historical political and economic factors
that determine the country's current position
- Key Facts on the country
- Map of the country
- Key political facts
- Long-term economic and social development - changes since 1980
- Structure of GDP by output - latest year
- Long-term sovereign credit ratings and outlook
- Corruption perceptions index- latest year
- Structural economic indicators - changes since 1990
- Destination of goods' exports -prior years - latest year
- Composition of goods & services exports - latest year

Table Of Contents

Oxford Economics Services—Oxford Economics is a leading economic forecasting consultancy, producing macroeconomic and industry forecasts, analysis and data on 175 countries.

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Cite this Report

  
MLA:
Oxford Economics Services. "Country Economic Forecasts > Turkey" Dec 14, 2015. Alacra Store. Nov 03, 2026. <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Turkey-2111-5595>
  
APA:
Oxford Economics Services. (2015). Country Economic Forecasts > Turkey Dec 14, 2015. New York, NY: Alacra Store. Retrieved Nov 03, 2026 from <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Turkey-2111-5595>
  
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