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Country Forecast Turkey Updater Product Image

Country Forecast Turkey Updater

  • Published: March 2014
  • Region: Turkey
  • 18 Pages
  • The Economist Intelligence Unit

The local elections due to take place across Turkey on March 30th will be a severe test of the stability of the religiously conservative Justice and Development Party (AKP) government, led by the prime minister, Recep Tayyip Erdogan. The outcome is likely to have a major impact on the presidential and parliamentary elections due to take place in August 2014 and June 2015, respectively.

Mounting corruption-allegations against government members including the prime minister, anti-government protests, a bitter power struggle between the government and the supporters of the powerful religious move‑ment headed by Fetullah Gulen, a US-based cleric, and growing politicisation of the judiciary have deepened social and political polarisation. The uncertainty risks exacerbating economic difficulties arising from shifting global financial flows and derailing the government's efforts to resolve Turkey's Kurdish issue.

Our baseline forecast is that Mr Erdogan will succeed in maintaining his hold on power. However, if the corruption allegations were to erode substantially the AKP's support at the local elections, Mr Erdogan could face a leadership challenge from within his READ MORE >

Country Forecast Turkey Updater

Country forecast overview: Highlights

Country forecast overview: Key indicators

Country forecast overview: Business environment rankings

Country forecast overview: Turkey's business environment at a glance
Policy towards private enterprise and competition
Policy towards foreign investment
Foreign trade and exchange controls
Taxes
Financing
The labour market
Infrastructure

Fact sheet

Outlook for 2014-18: Political stability

Outlook for 2014-18: Election watch

Outlook for 2014-18: International relations

Outlook for 2014-18: Policy trends

Outlook for 2014-18: Fiscal policy

Outlook for 2014-18: Monetary policy

Outlook for 2014-18: Economic growth

Outlook for 2014-18: Inflation

Outlook for 2014-18: Exchange rates

Outlook for 2014-18: External sector

Data summary: Global outlook

Data summary: Gross domestic product, current market prices

Data summary: Gross domestic product, at constant prices

Data summary: Gross domestic product by sector of origin

Data summary: Growth and productivity

Data summary: Economic structure, income and market size

Data summary: Fiscal indicators

Data summary: Monetary indicators

Data summary: Employment, wages and prices

Data summary: Current account and terms of trade

Data summary: Foreign direct investment

Data summary: External debt

Data sources and definitions
Global data
Domestic data
Abbreviations

Note: Product cover images may vary from those shown

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