February’s current account data show that the rebalancing of the Turkish economy is progressing more smoothly than we had feared. At its current rate of progress, it will still take another 18 months or so to bring the current account deficit onto a sustainable footing. This leaves a considerable period in which Turkey is vulnerable to a fresh deterioration in global risk appetite.
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