The business cycle

Turkey: Sentiment index plummets in August

By August 31, 2018 September 3rd, 2018 No Comments

The economic sentiment index computed by the European Commission showed a sharp drop in August – comparable to what seen in 2008. The rest of the data available so far does not paint a slowdown as severe, but in our view the response to the crisis of the Turkish authorities is not yet bold enough to support a rapid stabilisation of the currency.