Economics & Growth | Emerging Markets | Europe | FX | Monetary Policy & Inflation
– Turkey is targeting a return to fast growth this year, but without reigniting the high inflation and macro imbalances of the past. The 5% growth target looks broadly achievable, risks are instead skewed towards inflation, fiscal and the C/A, particularly if the revival in credit growth continues.
– The lira is likely to remain relatively stable due to ongoing CBRT intervention. Further measured rate cuts may still be in the pipeline.
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.