Turkey Forecast Revision – October 2013

forecast

Revisions:
* Despite the financial market volatility in 3q13, we are keeping 2013 GDP forecast at 4.1% as private consumption is rebounding faster than expected; but due to QE tapering, 2014 growth forecast is revised downwards…
* TL forecasts are revised downwards both for 2013 and 2014
* Due to TL weakness in 3q13, we are revising our inflation forecast upwards both for 2013 and 2014

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