Markets reacted negatively to the elections results, with a 4% decline of the lira against the US dollar on Monday alone, Euler Hermes analysts wrote in this week’s report.
Real GDP grew 2.3% year-on-year in the first quarter, down from 2.6% in 4Q 2014 and 2.9% for the whole of 2014. Euler Hermes still forecasts full-year growth of 3% in 2015.
See other information about the European and global economies, in the full report.