The unexpected re-acceleration in Turkish GDP growth in Q4 challenges the view that aggressive monetary tightening delivered over the second half of last year is rebalancing the economy. If inflation data next week surprise to the upside, interest rate hikes could be brought back onto the table. The strength in the economy also suggests that fiscal policy may have to do more of the heavy lifting going forward.
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