Turkey: Full of Surprises

11/16/2017 - Presentation
ic_blogtagTurkeyCreditExportsFiscal PolicyGrowthInsolvencyInvestmentLabor marketMonetary PolicyDebt ratio

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GDP growth in Turkey is estimated to pick up at +5.2% in 2017, before slowing down to +3.5% in 2018. While inflation will stay in double digits until the end of 2017 before easing next year and insolvencies are still on the rise (+4%), there are significant export opportunities for Turkish companies. Exports will continue their recovery, creating additional transactions of +USD16bn in 2017 and 2018. Textile, Machinery, Chemicals, Automotive and Agrifood are the sectors with the highest potential. They will benefit from recoveries in the Middle East, North Africa and Europe.​


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