Turkey 2023: Scenarios & Outlook

$ 975.00

Learn critical information businesses need to incorporate into their long-term strategy and planning for Turkey.

Overview, Table of Contents & Sample Pages below


Turkey will remain an attractive market in multinational companies’ emerging Europe, Middle East, and Africa (EMEA) portfolios in the next five years. Consumer, business, and public-sector demand will grow moderately, creating opportunities but not buoying easy revenue growth for firms.

High costs, competitive pressures, and foreign exchange volatility will be key components of the business environment. While they focus on capturing short-term opportunities in a complex operating environment, businesses must also take the necessary actions now to build the long-term resilience of their Turkey businesses.

A plethora of economic and political pressures since 2015 and the prioritization of high growth in 2017 weakened Turkey’s macroeconomic fundamentals, increasing its vulnerability to a slowdown in the economy and/or a liquidity crunch in the next five years.

What you will learn

  • What does the long-term outlook and operating environment in Turkey look like
  • Which scenarios should companies be monitoring (base-,downside-,upside cases)
  • What are the 8 disruptors every business should be prepared for

What you will receive

  • Immediate access to the 52-page PDF report
  • Exclusive email updates covering emerging markets business topics
  • Special discounts on future report purchases

Table of Contents

  • Executive Summary3
  • Contents4
  • Understanding Turkey’s Trajectory5
  •   Turkey Benefitted From The Last Decades6
  •   Economy Has Been Under Pressure Since 20157
  •   The Government Boosted Growth in 20178
  •   Financial Buffers Buy Turkey Time9
  •   MNCs Must Outperform the Market10-11
  •   Build Resilience Against External Risks12
  • Long-Term Demand Outlook for MNCS13
  •   2023: Outlook for Consumers 14-15
  •   2023: Outlook for the Public Sector16-17
  •   2023: Outlook for the Private Sector18-20
  • Long-Term Outlook for the Operating Environment21
  •   2023: Outlook for Producer Prices22
  •   2023: Outlook for the Exchange Rate23
  •   2023: Outlook for Government Incentives24
  • Turkey 2023: Long-Term Economic Resilience25
  •   Turkey’s Economic Sustainability26
  •   Sustainability of Government Finances 27
  •   Monetary Policy Effectiveness18
  •   Banking Sector Strength19
  •   Corporate Debt30
  •   Corporate Debt Focus: Real Estate Sector21
  •   Sustainability of Consumer Debt32
  •   Domestic Political Stability33
  •   Exposure to External Shocks34
  • Turkey 2023: Scenarios Overview35
  •   Turkey 2023: Scenarios Overview36
  •   Base Case: Moderate and Volatile Growth37
  •   Downside: Sustained Slowdown38
  •   Upside: Stable Growth39
  • Disruptors to Turkey’s Trajectory40
  •   Key Disruptors to Turkey’s Outlook41
  •   Disruptor 1: Oil Price Collapse42
  •   Disruptor 2: Oil Supply Shock43
  •   Disruptor 3: Eurozone Growth Sagnates44
  •   Disruptor 4: US Sanctions45
  •   Disruptor 5: EU Sanctions46
  •   Disruptor 6: Disputed Election Results47
  •   Disruptor 7: Kurdish Region in Syria48
  •   Disruptor 8: Economy Falls Into Crisis 49
  • Actions to take for the long term50
  •   Key Actions to Take for the Long Term51
  • About Frontier Strategy Group52

Sample Pages

Turkey Economy Under Pressure

Turkey Build Resilience Against External Risks

Frontier Strategy Group is a leading information and advisory services firm that works with over 200 multinational clients operating in emerging markets globally. Our analysts and commentary are regularly featured in outlets such as the Harvard Business Review, Financial Times, CNBC, Bloomberg and The Wall Street Journal.

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