The latest developments in Turkey – including the expected appointment of former finance minister Mehmet Simsek to the cabinet – provide encouraging signs that President Erdogan will moderate his economic policies. But there are still question marks about whether policymakers are about to embark on a fully-fledged return to orthodoxy. Elsewhere, Q1 GDP breakdowns released across Central and Eastern Europe (CEE) this week showed that household consumption continued to decline across the region. Q2 GDP data should be better, but a sustained rebound in activity is likely to take time.
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