The situation in Turkey remains uncertain, with continued pressure on the country’s currency exacerbating macroeconomic vulnerabilities. At this time, it is impossible to predict where the exchange rate will go, at what level it will stabilize, and when, as negative…
Turkey’s economy has remained relatively resilient against the uptick in political instability, especially since the 2015 general elections. A large population, diversified and dynamic private sector, strong export linkages, robust credit growth, consumers’ aspirational spending habits, and government efforts to…
Turkey and the MENA region are experiencing heightened political and economic volatility in Q2 2018, as FSG expected late last year. Headlines regarding Turkey’s tensions with Western countries and its economic vulnerability, Trump’s withdrawal from the Iran deal and the…
Turkey will remain an attractive market in multinational companies’ (MNCs’) 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…
Turkish citizens will be voting on June 24th in the country’s first elections under the new presidential system. Regardless of the results, Turkey will continue to offer opportunities for MNCs in a highly competitive and challenging operating environment. Turkey general…
The MENA region seemed to be calming down in 2017 – violence in Syria was subsiding, ISIS was weakening, Donald Trump seemed to be exerting his focus elsewhere in the world, and Arab states were implementing positive reform measures to…
Despite remaining a key market in MNCs’ EMEA portfolios, Turkey has become an increasingly difficult place to do business in. Rising insecurity, political uncertainty, regulatory unpredictability, and a slowdown in growth are making it even more challenging for executives to…