Turkish economy sizzling along

Published: February 28, 2018

Easy capital market funding for Turkey’s banks and companies both a boon and a worry. 

Turkey’s trade deficit widened by 108.8% year on year to $9.07bn in January, according to Trading Economics. 

Imports rocketed to $21.52bn, a 38% year on year increase, with more purchases of semi-finished products known as intermediate goods, capital goods and consumption goods responsible for the bulk of the increase.

“Underscores the over-heating story,” said Tim Ash, senior emerging market sovereign strategist at Bluebay Asset Management. 

This content is only available to our subscribers. Please click here for details of subscription plans or to request trial access.