BNP Paribas in South Africa News & Press
September 15, 2009 -

The Turkish Bulletin – September 15th 2009

Forward to a friendForward to a friend PrintPrint

During the last two weeks, the Turkish economy was highlighted by the following items:

  • GDP declined by 7.7%y/y in 2ndQ09, however at a slower pace compared to the -13.8% GDP drop in 1stQ09
  • Disinflation process keeps on going on as CPI rose by 5.3%y/y in July, down from the 5.4% figure recorded in June.
  • Current Account posted a surplus of US$0.3bn in July, mainly thanks to tourism revenues
  • Industrial Production contraction slowdown in July to -9.2%y/y (v.s. -9.7%y/y in June and -17%y/y for the Jan.-July period)
  • IMF: Turkey may not require an IMF loan if Gov’t proves to maintain fiscal discipline, stated the Central Bank Governor

The Turkish Bulletin – September 15th 2009 (114 ko)

Read the Flash version of the Turkish Bulletin