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Country Forecast Turkey July 2017 Updater
Country Forecast. Turkey, 2017
New York: The Economist Intelligence Unit N.A., Incorporated
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Título:
Country Forecast Turkey July 2017 Updater
Assuntos:
Current accounts
;
Economic forecasts
;
Economic growth
;
Economic indicators
;
Economic structure
;
Elections
;
Employment
;
Erdogan, Recep Tayyip
;
External debt
;
Fiscal policy
;
Forecasts
;
Foreign exchange rates
;
Foreign investment
;
GDP
;
Gross Domestic Product
;
Inflation
;
International relations
;
International trade
;
Monetary policy
;
Policy making
;
Political risk
;
Politics
;
Prices
;
Productivity
;
Tax rates
;
Tax reform
;
Terms of trade
;
Wages & salaries
É parte de:
Country Forecast. Turkey, 2017
Descrição:
Under the AKP, Turkey is moving towards a presidential system of government, which will come into effect by late 2019, and possibly earlier. Since the failed coup power has been increasingly concentrated in the hands of the president, Recep Tayyip Erdogan. Since mid-2016 relations between Turkey and Russia have improved. The bank has raised most of its main policy rates since November 2016 and has increasingly provided funding to the banking sector at its previously little used "late liquidity window" overnight lending rate, which was gradually raised by a total of 250 basis points, to 12.25%, in late April. Since November 2016 the weighted average cost of the central bank's funds to the banking system has risen, from 7.8% to about 12% in early July 2017. 2012a 2013a 2014a 2015a 2016b 2017c 2018c 2019c 2020c 2021c The labour market (av) Labour force (m) 26.1 27.0 28.8 29.7 30.5 31.5 32.2 32.7 33.5 34.2 Labour force (% change) 2.1 3.5 6.4 3.1 3.0 3.2 2.3 1.5 2.5 2.0 Employment (m) 23.9 24.6 25.9 26.6 27.2 27.9 28.6 29.1 29.8 30.6 Employment (% change) 2.9 2.8 5.4 2.7 2.2 2.5 2.4 2.0 2.3 2.5 Unemployment (m) 2.2 2.4 2.9 3.0 3.3 3.6 3.7 3.6 3.7 3.7 Unemployment rate (%) 8.5 9.1 10.0 10.3 10.9 11.5 11.4 11.0 11.1 10.7 Wage and price inflation (% except labour costs per hour) Consumer prices (av) 8.9 7.5 8.9 7.7 7.8a 10.3 7.8 6.3 5.7 5.2 Consumer prices (year-end) 6.3 7.5 8.3 8.9 8.5a 8.6 7.8 6.0 5.3 5.0 Producer prices (av) 6.1 4.5 10.2 5.3 4.3a 14.8 9.5 8.5 7.5 5.5 GDP deflator (av) 7.4 6.3 7.4 7.8 7.7a 8.8 8.2 6.1 6.1 5.7 Private consumption deflator (av) 7.8 6.1 7.7 7.7 6.7a 10.3 8.9 7.3 6.8 6.2 Government consumption deflator (av) 9.3 6.0 9.4 8.2 9.8a 9.4 7.8 6.3 5.7 5.2 Fixed investment deflator (av) 6.6 5.8 9.0 7.6 7.7a 6.0 5.5 5.0 5.0 5.0 Average nominal wages 15.6b 14.4b 15.5b 13.7b 15.9 11.5 10.0 9.0 8.3 7.7 Average real wages 6.1b 6.5b 6.1b 5.6b 7.5 1.1 2.0 2.6 2.4 2.4 Unit labour costs (TL-based; av)d 15.9b 10.9b 18.2b 12.7b 17.6 12.0 10.8 9.5 8.8 8.7 Unit labour costs (US$-based)d 8.1b 4.7b 2.8b -9.3b 5.9 -6.9 8.9 5.2 5.5 6.2 Labour costs per hour (TL)d 7.5b 8.6b 10.0b 11.3b 13.1 14.6 16.1 17.5 19.0 20.5 Labour costs per hour (US$) 4.2b 4.5b 4.5b 4.2b 4.3 4.0 4.3 4.6 4.8 5.0 a Actual.b Economist Intelligence Unit estimates.c Economist Intelligence Unit forecasts.d Manufacturing only: public and private sectors.
Editor:
New York: The Economist Intelligence Unit N.A., Incorporated
Idioma:
Inglês
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