SPDR® S&P Emerging Middle East&Afr ETF
Turkey’s Surging Current Account Deficit and Its Impact in 2017
According to the Turkish government’s latest Medium-Term Economic Plan (or MEP), its forecast for a current account deficit for 2017 is $32 billion, or 4.2% of GDP.
Did IMF Slash Turkey’s Growth Outlook amid Political Tensions?
Political uncertainty, a fall in tourism, weak corporate profitability, and credit growth are expected to impact Turkey’s (TUR) growth in 2017.
Turkish Foreign Investment Fell as Political Tensions Escalated
Turkey attracted $12.3 billion in foreign direct investment in 2016, higher than expected considering the latest developments in Turkey and the neighboring region.