Why We Think Turkey Will Continue To Attract FDI

After the size of the US current account, the Turkish current account deficit remains one of the most talked about macroeconomic imbalances anywhere in the world. Last year, the shortfall came in at 8.1% of GDP, and we forecast deficits of 6.1% and 5.2% of GDP deficit this year and next respectively. Indeed, over our five year forecast period, Turkey will need to find at least US$24bn per annum to cover this shortfall - not an easy task from any perspective. That being said, we remain very optimistic on Turkey's long-term potential. This view is in part driven by the

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