Turkey’s latest activity figures suggest that easing supply constraints and the boost to competitiveness from a weak lira supported industry in December, but household spending suffered as the currency’s collapse caused inflation to surge. On balance, the economy appears to have entered a downturn at the end of 2021 albeit one that is likely to be milder than that which followed the 2018 crisis.
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