Turkey's Stall in Growth Highlights Broader Emerging Market Problems

Turkey's latest gross domestic product figures, published April 1, showed that the economy stagnated in the fourth quarter, leaving it with a growth rate for 2012 of just 2.2 percent, well below the expected trend rate. Analysts searched for local explanations for the disappointment, just as th...

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Bibliographic Details
Published inInstitutional Investor
Main Author Hood, Michael
Format Trade Publication Article
LanguageEnglish
Published New York Euromoney Institutional Investor PLC 01.04.2013
Subjects
Commodities
Economic conditions
Economic growth
Emerging markets
Eurozone
Exports
Financial services
GDP
Gross Domestic Product
International
Manufacturing
Market economies
Turkey
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Summary:Turkey's latest gross domestic product figures, published April 1, showed that the economy stagnated in the fourth quarter, leaving it with a growth rate for 2012 of just 2.2 percent, well below the expected trend rate. Analysts searched for local explanations for the disappointment, just as they had previously in Brazil, South Africa, and elsewhere. Sluggishness in Turkey, though, reflects a common global theme: growth in emerging market economies generally surprised on the low side in 2012, and common factors likely played a larger role than domestic considerations.
ISSN:0020-3580