Turkey: Downside risks to growth

In the midst of a challenging (geo)political situation, we expect Turkish economic growth to slow somewhat to 3.4% this year but to accelerate from 2017 onwards. Further weakening of the Turkish lira is a risk however, because domestic political uncertainty is rising and monetary authorities are under pressure to loosen their policy.

Rising income levels offer opportunities for companies that export to Turkey. We expect imports to grow at an annual rate of 6-7% in US dollar terms through 2019.

Read more about sector developments, trade flows and business opportunities in our latest Business opportunity report on Turkey.