Standard & Poor's raises 2015 growth forecasts for Turkey
S&P stated that Turkey’s gross domestic product exceeded their expectation in the first half of this year owing to a surprising surge in private investment in the second quarter. However, the agency thinks that Turkey will be unable to sustain this stronger performance as the weak global economy including a persistently slowing Chinese economy, upcoming elections and ongoing political uncertainty will further weigh down on the country’s economy.
Previously, the IMF lowered its growth estimate for Turkey for 2015 to 3% from the previously estimated growth rate of 3.1%.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Will costs drum up support for a 3rd-month-firming in Europe PET market?
- Import PE markets give softening signals in China, SE Asia
- PVC supplies tight, demand robust across Europe
- China’s local PP, PE markets snap nine-week rally
- Turnarounds keep PP supply tight in SE Asia
- European PP market sees step backs from initial July offers
- Focus turns to August in Turkey: PP and PE players sidelined amid blurry outlook
- SEA PE uptrend intact, yet increases capped by reduced demand
- Taiwanese major hikes Aug PVC offers to Asia as limited availability outweighs monsoon effect
- East African PP, PE markets on rise for July but deals still scarce