Turkey’s Unachievable Task – Fast, But Balanced Growth
(3 min read)
- 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.
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