Turkey

WHAT'S NEXT?: Uncertainties over Turkey's eventual political position abound. With EU decisions in doubt, recent crackdown on opposition parties causing concerns, and being embroiled in complex Middle East politics and fighting terrorism on its borders and internally, which way will she swing?

[New] Britain has uniquely legislated to reach net-zero carbon dioxide emissions in 2050, which means going cold turkey on the 85% of our energy that currently comes from gas, oil and coal.
Growth of 3% is anticipated for turkey exports next year, supported by strength in shipments to Mexico - the largest buyer of U.S. turkey meat - with continued low turkey prices expected to draw additional international buying interest.
Turkey is expected to record a moderate current account deficit in 2019 as import demand begins to recover in the second half of the year.
Despite the increase in the base interest rate by Turkey's Central Bank, which helped to lower inflation, high price increases are also anticipated for Turkey in 2019.
In Turkey, taxes imposed on hybrid and electric cars, a criteria considered critical by drivers, is much higher than EU states which could reduce the attractiveness of the national car, unless the government proceeds to a tax reduction in the coming years.
Because China has low-grade boron reserves and demand for boron is anticipated to rise in that country, imports to China from Chile, Russia, Turkey, and the United States were expected to remain steady during the next several years.
Total production capacity in Turkey is estimated to be between 4 million and 5 million tons per year and soda ash shipments, especially for export, are expected to increase significantly during the next few years.
Upon joining the EU, Turkey's 70 million inhabitants would bestow it the second largest number of MEPs in the European Parliament: Turkey would surpass Germany in the number of seats by 2020.
Europe and Central Asia: Regional growth is expected to firm to 2.6% in 2020, assuming stabilization of key commodity prices and Euro Area growth and recovery in Turkey (to 3%) and Russia (to 1.6%).
Turkish President Recep Tayyip Erdogan, furious that NATO allies have failed to offer his country more support, has warned that Turkey cannot take more refugees.
Growth in other large emerging countries, including Brazil, India, Mexico, the Russian Federation and Turkey, is expected to gain some momentum in 2020.
Turkey's renewable energy capacity of 42 gigawatts (GW) is predicted to reach 63 GW by 2024, placing Turkey among Europe's top five and 11th worldwide in terms of renewable capacity.
The local and foreign investors in the Turkish renewable energy sector are expecting the announcement of a new scheme, as Turkey's currently running feed-in-tariff program Renewable Energy Support Mechanism will expire at the end of this year.
Recent intervention by the Central Bank of Turkey to bolster the TRY add to the risk of a disorderly correction later this year.
Argentina and Iran are expected to emerge from recessions in 2020, and prospects are expected to improve for five countries other than Russia that struggled with slowdowns in 2019: Brazil, India, Mexico, Saudi Arabia and Turkey.
Growth in Turkey slowed sharply to nil percent in 2019, but is expected to strengthen to 3 percent in 2020 as investment recovers from the deep contraction of last year.
Turkish President Recep Tayyip Erdogan has hit back against US threats to impose sanctions on the TurkStream pipeline that is set to deliver Russian gas to Turkey and further to southern and southeastern Europe starting next year.
Regional growth is projected to strengthen in 2020, to 2.6 percent, as activity recovers in Turkey and Russia, and to stabilize to 2.9 percent in 2021-22.
A ny hope of global growth increasing this year depends on countries such as Argentina, Iran and Turkey, the World Bank has warned after it predicted a deepening slowdown in the West.
Turkey warned Washington on Monday that Turkey will seek alternatives if Washington does not end its embargo on the sale of the F-35 jet.
When TAP is finished next year, the Southern Gas Corridor will supply 6 billion cubic meters of Azeri gas to Turkey and 10 billion cubic meters to Europe.
With an investment of around $7 billion, TANAP will deliver 6 billion cubic meters of Azeri gas to Turkey and 10 billion to Europe per year.

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Last updated: 25 May 2020