While politics has dominated the headlines in Turkey in 2013, the economic outlook remains positive. Overly rapid consumer credit growth has slowed and the country's current account deficit reduced. Analysts say that this is positive for its banking sector in the medium term.
Even by Turkish standards, 2013 was an eventful year. Having started the year as a model of political and economic stability, Turkey found itself being given a sharp reminder that it is still in some ways an emerging market. After 15 years of political stability, the riots which erupted across the country in June and July 2013 came as something of a wake up call.
