Europe Economy Analysis

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Economic Analysis - Q3 Growth Rate Masking Vulnerabilities - 18 DEC 2017

BMI View: Turkey's very strong year-on-year GDP growth rate in Q317 was flattered by base effects from a contraction in Q316, while growth actually slowed in quarter-on-quarter terms, indicating a loss of momentum. Nevertheless, government stimulus has heightened overheating risks, and the current pace of growth is unsustainable.

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