1. Market Research
Country Forecast Turkey January 2018 Updater

Country Forecast Turkey January 2018 Updater

  • January 2018
  • ID: 4978615
  • Format: PDF
  • By The Economist Intelligence Unit


Table of Contents

Search Inside

  • Despite a narrow victory and allegations of vote fraud in the presidential reform referendum on April 16th 2017, the president, Recep Tayyip Erdogan, is moving ahead with his plan to install a presidential system of government after elections due in 2019. The Economist Intelligence Unit's baseline forecast is that Mr Erdogan and his ruling Justice and Development Party (AKP) will win the elections. The presidential system will further undermine Turkey's fragile democratic institutions and governance structures. It provides few checks on the powers of the president and moves the country closer to one-man rule.
  • Since the failed coup foreign policy has been heavily conditioned by Mr Erdogan's domestic political goals, notably his push to establish a presidential system of government. This has resulted in a marked deterioration in Turkey's relations with its Western allies. We expect a complete rupture to be avoided, but tensions will remain high.
  • The AKP has enjoyed 15 years of single-party rule, and for most of that period political and government effectiveness have improved. However, since 2013 economic policymaking institutions have become increasingly politicised. Despite tax increases in 2018, we expect annual deficits to widen moderately, to 2.4% of GDP on average in 2018-19. After the elections we forecast that the deficit will shrink gradually, to 1.6% of GDP in 2022. The risk of a larger deterioration in the public finances cannot be ruled out.
  • We expect real GDP growth to slow from an estimated 7% in 2017 (revised up from 5.5%), to a still robust 4.1% per year on average in the forecast period (2018-22), reflecting the withdrawal of stimulus measures and higher taxes. Our growth forecast assumes that domestic political conditions will stabilise and foreign investor confidence in Turkey will hold up, maintaining foreign capital inflows.
  • After a fall in the nominal value of the Turkish lira of about 17% against the US dollar in 2017, we expect the pace of depreciation to slow, keeping the currency broadly stable in real terms. Constrained in its ability to raise interest rates, we expect the Central Bank of Turkey to have to resort to unorthodox and less effective tools to respond to currency weakness and high inflation.
  • We expect the current-account deficit to narrow moderately, from an estimated 5% of GDP in 2017 to an annual average of 4.5% of GDP in 2018 22. This is still sufficiently large to make it difficult for Turkey to meet its external financing needs if global liquidity is severely constrained and investor confidence deteriorates.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Turkey Retail Sector 2019 ICT Landscape

Turkey Retail Sector 2019 ICT Landscape

  • $ 4500
  • January 2020

This IDC Market Perspective discusses technology investment trends in the retail services industry in Turkey. It presents the business priorities of Turkish retail CIOs and provides guidance for technology ...

State of Customer Experience in Turkey

State of Customer Experience in Turkey

  • $ 4500
  • December 2019

This IDC Market Perspective discusses the state of customer experience (CX) initiatives in Turkey. It presents the priorities of different industries, identifies challenges faced by Turkish organizations ...

Health and Wellness in Turkey

Health and Wellness in Turkey

  • $ 2100
  • February 2020

In 2019, health and wellness (HW) continued to register double-digit retail current value growth in Turkey, stimulated by the young population, rising urbanisation and increased levels of education, leading ...

Consumer Appliances in Turkey $ 2650 January 2020


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on