Developments in the first half of 2016 point to a moderation in gross domestic product (GDP) growth below the 4 percent seen in 2015. Rebound in global oil prices and fall in tourism revenues will reverse the oil-price driven external adjustment. Despite positive headline numbers, inflation is likely to increase in the second half, calling for a more cautious monetary policy to reaffirm commitment to price stability.
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Turkish
DETAILS
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2016/07/01
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Newsletter
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107011
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1
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1
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2016/07/19
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Disclosed
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Turkey regular economic note (July 2016)
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current account balance
Citation
Turkey regular economic note (July 2016) (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/577071468938286344