Serving as a bridge between Asia and Europe, Turkey’s economy had a year of rebalancing in 2018. With a GDP of USD 713 billion, Turkey is the 17th largest economy in the world1. After the global financial crisis in 2008-2009, the Turkish economy managed to grow by more than 6%, a rate that is well above the rates of EU and other developing countries excluding China and proves the dynamic nature of the Turkish economy. In this respect, although we forecast 2018 and 2019 as a period of rebalancing , we are still projecting our potential growth rate close to 5%. Fiscal discipline, sound monetary policy, a strong and well supervised financial system and a reform agenda continue to be the main pillars of Turkey’s economic program.

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