Weekly Tracker: March 2-8

TURKEY - Report 02 Mar 2014 by Murat Ucer and Atilla Yesilada

Executive Summary The Politics Author wishes to announce that he has changed his base-case scenario. He now expects political uncertainty to linger until the presidential elections in August. The trade deficit began to narrow in 12-month rolling terms in January, which should deepen in the coming months, while confidence indices suggested that growth might have weakened visibly in Q1. The key data release of the week is February inflation on Monday. The consensus CPI-inflation is 0.4%, while ours is lightly higher, but the divergence is probably explained by food inflation. Cosmo builds a b...

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