The stronger-than-expected Turkish industrial production data for May, at first sight, suggest that the economy has weathered the recent financial market turmoil, but we doubt that this resilience will last. Indeed, there are signs that underlying momentum has weakened and other low-profile data point to a sharp slowdown. Our GDP growth forecasts lie well below the consensus.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.