TITLE

Turkey: Slowdown Inevitable Despite Growth Upgrade

PUB. DATE
August 2011
SOURCE
Emerging Markets Monitor;8/29/2011, Vol. 17 Issue 21, p14
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article discusses the economic outlook for Turkey. Although the decision of the Turkish central bank (CBRT) to cut interest rate and the 11.0 percent year-on-year (y-o-y) growth in the first quarter of 2011 have resulted in forecast for real gross domestic product (GDP) growth for 2011 being revised from 4.3 percent to 7.0 percent, a slowdown in headline growth attributed to factors including tighter fiscal policy and macroprudential measures to curb credit growth is expected.
ACCESSION #
65792820

 

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