Turkish Growth To Begin Slowing In Upcoming Quarters As Headwinds Mount
Country Risk / Fri 31 May, 2024
Key View
- Following growth of 5.7% y-o-y in Q1 2024 which was an acceleration from 4.0% in Q4 2023, we expect the Turkish economy to move onto a slower growth path over the next several quarters.
- Due to the strong performance in Q1 2024, we have had to revise up our full-year growth view for 2024 from 0.6% to 2.7% but this is still a notable slowing