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    Will the Turkish economy benefit from the authorities’ U-turn towards greater orthodoxy?

    The general elections of May 2023 marked a shift in Turkish economic policy with the implementation of more orthodox policies to end a period characterized by negative real interest rates and a sharp depreciation of the lira. The local elections in March 2024 marked a further step in this strategy with a tightening of financial conditions to stabilize the economy, reduce runaway inflation and strengthen the country's macroeconomic foundations.

  • #Economic publications

    Country and Sector Risks Barometer: Turbulence ahead?

    In Q1 2024, the global economy improves slightly from previous years marked by pandemic, Russia-Ukraine conflict, and US banking crisis. However, US activity slows down, with emerging countries driving growth. Global economic, social, and political risks persist, including the dissolution of the French National Assembly. Consequently, Coface adjusts assessments for 5 countries and 26 sectors, indicating short-term positive outlook only.

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