Turkish Q1 GDP data showed that the economy has so far avoided the hard landing that we had feared. What’s more, leading indicators point towards a modest improvement in Q2. Nonetheless, with the current account deficit still large, Turkey remains one of the most vulnerable emerging economies to a sudden deterioration in the external financing environment.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.