The early signs suggest that Turkey’s economy has emerged from this summer’s turbulence in financial markets relatively unscathed. Nonetheless, while GDP growth appears to have held up, it has been supported by a further expansion of credit and accompanied by a renewed widening of the current account deficit. In other words, the vulnerabilities that put Turkey in the firing line during this summer’s EM sell-off are deepening.
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:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services