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3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIESOECD economic outlook , VOLUME 2018 ISSUE1 PRELIMINARY VERSION OECD 2018230TURKEYFollowing a strong recovery in 2017 and turbulence in spring 2018, economic growthis set to slow but to stay around 5% in 2018 and 2019. The uncertainties surrounding theearly elections in June, as well as persisting regional geopolitical tensions, create exchange rate remains highly volatile, with the lira depreciating substantiallyrecently despite a significant increase in the policy interest rate, and consumer priceinflation is far above target.

3. developments in individual oecd and selected non-member economies oecd economic outlook,volume 2018 issue 2 – preliminary version © oecd 2018 199 turkey

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