Emerging Europe Economics

Emerging Europe Economics Update
25 July, 2011

Turkish growth set to slow sharply

Today’s decision by the Central Bank of Turkey to suspend its daily purchases of US$ should help to stabilise the lira in the very near term. But it does not tackle the underlying concern, namely Turkey’s widening current account deficit. This will require much tighter fiscal policy and, in its absence, recent market moves suggest that the sharp slowdown in growth that we had pencilled in for the second half of 2012 and 2013 could come much earlier....

Access this publication and more, take our free trial subscription today.

Free Trial

Already a subscriber? Simply log in to view this article

Log in



Follow @CapEconEurope

New Book

The Trouble with Europe

by Roger Bootle

"Right on every count"
The Guardian

Buy now on Amazon

Get the App

The Capital Economics app is a new way for clients to keep up to date with our latest research.