Recent Study: Turkey Business Forecast Report Q4 2013
We expect economic growth to accelerate modestly in 2014 and 2015, although our forecasts are well below consensus. A loss of investor confidence following recent social unrest and global financial market turmoil will slow capital inflows and cap the potential growth of Turkey's credit and consumption-driven growth model. With relatively healthy budget and debt dynamics, the government is in a position to provide a more pronounced fiscal boost to the economy. However, we expect fiscal discipline to remain relatively high...
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