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Turkey's economic slowdown continues, but exports offer some support

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cam a22000004b 4500
001  MAP20190008372
003  MAP
005  20190322140943.0
008  190321s2019 fra|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎921.5
1001 ‎$0‎MAPA20190003285‎$a‎Iyigün, Seltem
24510‎$a‎Turkey's economic slowdown continues, but exports offer some support‎$c‎Seltem Iyigün
260  ‎$a‎Paris‎$b‎COFACE‎$c‎2019
300  ‎$a‎4 p.
4900 ‎$a‎COFACE Economic Publications‎$v‎February 2019
520  ‎$a‎Turkey is experiencing a severe economic slowdown, coupled with a jump in inflation, as a result of the sharp depreciation of the lira during 2018. This sharp depreciation has resulted in reduced consumption, and has impacted investment dynamics in the domestic market. The import-dependent structure of production has pushed the inflation rate to all time high levels, which forced the central bank to deliver a large rate hike in September. Although this rate hike has helped the Turkish lira to recover from these historical weak levels, it caused borrowing costs to rise extremely high, making funding extremely costly for both businesses and households. Growth is expected to remain very subdued and inflation at double digits. These conditions have highlighted exports as an important source of revenue for the economy, despite many challenges. Government support remains vital for exporters to gain new market shares. This support has been mostly in the form of incentives for trade fairs and accessing new markets, among other methods. However, limited sophistication and competitiveness are restraining factors for further expansion of Turkish exports. Clients' barganing power and the low level of technology incorporated in exported goods restrain higher gain from exports
650 4‎$0‎MAPA20080575298‎$a‎Crisis económica
650 4‎$0‎MAPA20080579609‎$a‎Comercio exterior
650 4‎$0‎MAPA20080617011‎$a‎Exportación e importación
650 4‎$0‎MAPA20080558970‎$a‎Inversiones
650 4‎$0‎MAPA20080593315‎$a‎Sectores económicos
650 4‎$0‎MAPA20080611897‎$a‎Perspectivas económicas
651 1‎$0‎MAPA20080637972‎$a‎Turquía
7102 ‎$0‎MAPA20090026919‎$a‎COFACE
830 0‎$0‎MAPA20190003292‎$a‎COFACE Economic Publications‎$v‎February 2019