Economy

Inflation is set to peak in 2007 at 1.6% y-o-y due to a rise in food and energy import costs, after which the CPI will ease to 1.0% in 2008. Growth is also forecast to fall in 2008... 2007-11-23

On the back of high oil prices and costly fuel subsidies we are expecting the budget deficit to come in around 5.3% of GDP this year, after which it will narrow to 3.9% in 2008. Increased... 2007-11-23

The Turkish banking sector has tremendous potential over the medium and long terms, with a confluence of positive strategic variables driving significant growth. Indeed, bank equities... 2007-11-20

We expect inflation to ease this year - after hitting a high of 10.0% y-o-y - down to 7.0% y-o-y and then fall further next year to 5.0% in 2008. After a slight rise in GDP

The political stagnation that has characterised 2007 has made the gradual debt reduction in our original forecasts unlikely (or at least delayed the process), and we now see the total... 2007-10-30

In line with the larger than expected 50bps cut to the overnight borrowing rate in October, we have revised downward our end-year interest rate forecast to 16.25%, from an original... 2007-10-30

With investment and consumption set to remain strong, we have revised our growth forecast for 2007 up to 5.0%. However this is still lower than the figure of 6.7% rec

We wrote in our last currency forecast that 'the end of official intervention, which could take place towards the end of 2007, would lead to a more rapid appreciation', highlighting... 2007-10-18

We now see real GDP growing by 5.1% this year, following very strong H1 results: growth came in at 6.3% in Q1 and 6.1% in Q2.

Although our core scenario is for a fall in inflation to 3.0% y-o-y by end-2007, we will be looking again at CPI forecasts for Lebanon and other countries in the region, on the back... 2007-10-02