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Published on Wednesday, April 26, 2017 | Updated on Wednesday, April 26, 2017

Turkey Economic Outlook. Second quarter 2017

Turkish economic activity maintained the momentum of the “V”-shaped GDP growth recovery in 1Q17 thanks to the impact lag of fiscal stimulus and solid export demand from EU. Consumer prices jumped on the back of mounting cost push pressures. As inflation accelerated and the Turkish lira suffered due to electoral uncertainty, Central Bank strengthened its monetary tightening