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Country Economic Forecasts > Turkey

  • March 2017
  • -
  • Oxford Economics
  • -
  • 13 pages

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Political developments remain a key factor in the economic outlook. A referendum to amend the constitution in favour of expanding the powers of the presidency will be held on April 16. Polls suggest that the vote is still too close to call. Until then, the economy will remain in a 'wait-and-see' mode, with private investment and consumption depressed amid a significant tightening of financial conditions in the wake of a weaker currency and higher interest rates.

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