Economic ResearchPublicationsSpecialsTurkey: Full of Surprises

Turkey: Full of Surprises

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GDP growth in Turkey is estimated to pick up at +5.2% in 2017, before slowing down to +3.5% in 2018. While inflation will stay in double digits until the end of 2017 before easing next year and insolvencies are still on the rise (+4%), there are significant export opportunities for Turkish companies. Exports will continue their recovery, creating additional transactions of +USD16bn in 2017 and 2018. Textile, Machinery, Chemicals, Automotive and Agrifood are the sectors with the highest potential. They will benefit from recoveries in the Middle East, North Africa and Europe.

Allianz SE
Munich, Nov 16, 2017

Presentation by:

Ludovic Subran, Chief Economist Euler Hermes
Manfred Stamer, Sr. Economist

Istanbul - November 16, 2017