Weekly Tracker: October 12-18

TURKEY - Report 12 Oct 2014 by Murat Ucer and Atilla Yesilada
Executive Summary In this Economics-only Tracker, we review our take on the government’s new Medium Term Program, including a correction of an oversight on our part. We also touch upon the recent comments from the Fitch and the IMF.The former kept Turkey’s sovereign rating at investment grade, which was not surprising, but also kept the outlook at stable, for which we had given a 50-50 odds. As for the IMF, assessments of the Article IV mission were, unsurprisingly, entirely in line with our macro view, though we found two explicit references in the statement -- to Turkey’s risk of being st...

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