Macroeconomic Forecast Turkey

According to the most recent data released by the Central Bank of the Republic of Turkey, growth in consumer loans has been falling only modestly as of late. Indeed, growth in aggregated lira and foreign currency loans fell to 34.2% y-o-y as of the second week of November, down from a recent high of 42.9% in June. Still-high levels of consumer credit growth risk driving consumer price inflation higher as well as stoking fear of overheating within the domestic economy.

To read the full article, please choose one of the following options: