Calis Beach and Fethiye Turkey Discussion Forum
Turkey Related Subjects => Turkey Discussion Forum (Not Calis specifically) => Topic started by: Colwyn on April 29, 2016, 10:53:59 AM
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The Turkish balance of trade is still strongly negative but March 2016 showed a 20% improvement on March 2015. Exports were up by 2.3% while imports were down 5.2%. Inflation fell from 9.58% in January 2016 to 8.78% February and 7.46% in March. Last year the economy grew by 4%. The IMF predicts further “robust growth" in 2016. The IMF identified some of the factors sustaining consumer growth as: low oil prices (money being spent on other goods); the fact that many Turkish households have non-lira deposits (buffering them from falling lira values); and a 30% rise in the minimum wage from January 2016. There are still challenges facing the Turkish economy, notes IMF, in particular the low household savings rates, low employment rates for women, and persistent failure to meet the 5% inflation target. This of course in addition to political/military/terrorist pressures from Kurdish and Daesh groups and the 2.5 million refugees in the country. However, with so much bad news about Turkey about the IMF is rather pleased with the economic development of the country.
http://www.tradingeconomics.com/turkey/balance-of-trade (http://www.tradingeconomics.com/turkey/balance-of-trade)
http://www.tradingeconomics.com/turkey/inflation-cpi (http://www.tradingeconomics.com/turkey/inflation-cpi)
http://www.imf.org/external/pubs/ft/survey/so/2016/car042516b.htm (http://www.imf.org/external/pubs/ft/survey/so/2016/car042516b.htm)