There is a strong possibility that this month’s parliamentary elections in Turkey will return a weaker government. If so, then GDP growth could slow to around 4.5% per annum over the medium-term, following a recent period of macroeconomic stability where economic growth has averaged 7%. What’s more, the macroeconomic environment could become much more volatile, with bond spreads rising above 400bps and the currency falling by up to 20%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services