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Published on Wednesday, April 5, 2017 | Updated on Monday, April 10, 2017

Turkey | Monthly Economic Monitor. March 2017

Global factors were supporting for Turkish Lira. Similar to EMs, Turkish bond market incurred inflows during March. Our monthly GDP indicator suggests continuum of V-shaped GDP growth recovery in 1Q17, following 4Q16’s above-expectations growth. Inflationary pressures will remain in the short term as exchange rate pass through and base effects on food will be pushing.