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Country Report Turkey January 2011
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HTMLOutlook for 2011-15: International assumptions
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | |
| Economic growth (%) | ||||||
| US GDP | 2.7 | 2.2 | 2.1 | 2.3 | 2.2 | 2.5 |
| OECD GDP | 2.7 | 1.8 | 2.0 | 2.2 | 2.2 | 2.1 |
| EU27 GDP | 1.7 | 1.1 | 1.5 | 1.7 | 1.9 | 1.9 |
| World GDP | 3.6 | 2.7 | 2.9 | 3.0 | 3.0 | 3.1 |
| World trade | 12.4 | 5.9 | 6.3 | 6.7 | 6.7 | 6.3 |
| Inflation indicators (% unless otherwise indicated) | ||||||
| US CPI | 1.5 | 1.0 | 1.9 | 2.5 | 2.8 | 2.8 |
| OECD CPI | 1.3 | 1.1 | 1.7 | 2.0 | 2.1 | 2.3 |
| EU27 CPI | 1.8 | 1.8 | 1.8 | 1.9 | 2.0 | 2.1 |
| Manufactures (measured in US$) | 3.2 | 0.7 | 0.2 | 1.8 | 1.2 | 1.8 |
| Oil (Brent; US$/b) | 80.0 | 82.0 | 81.3 | 78.3 | 75.5 | 71.0 |
| Non-oil commodities (measured in US$) | 23.2 | 9.5 | -4.4 | -4.0 | 1.5 | 0.1 |
| Financial variables | ||||||
| US$ 3-month commercial paper rate (av; %) | 0.2 | 0.3 | 0.7 | 2.2 | 4.1 | 5.1 |
| € 3-month interbank rate (av; %) | 0.8 | 1.0 | 1.5 | 2.8 | 3.5 | 3.5 |
| Exchange rate TL:US$ (av) | 1.50 | 1.57 | 1.59 | 1.61 | 1.61 | 1.60 |
| Exchange rate US$:€ (av) | 1.32 | 1.25 | 1.20 | 1.18 | 1.16 | 1.17 |
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