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$157.7 billion
market capitalization of Borsa
İstanbul
At year-end 2016 the market capitalization of Borsa
İstanbul stood at USD 157.7 billion with a year-on
decrease of 16.5%.
Growth, Unemployment, Consumer Prices - Selected Countries
(%)
Growth
Unemployment
Change in Consumer Prices
Realization Projection
Realization Projection
Realization Projection
2016 2017 2018
2016 2017 2018
2016 2017 2018
USA
1.6
2.3
2.5
4.9
4.7
4.6
1.3
2.7
2.4
Germany
1.8
1.6
1.5
4.2
4.2
4.2
4.2
0.4
1.7
France
1.2
1.4
1.6
10.0
9.6
9.3
0.3
1.4
1.2
Italy
0.9
0.8
0.8
11.7
11.4
11.0
-0.1
1.3
1.3
Spain
3.2
2.6
2.1
19.6
17.7
16.6
-0.2
2.4
1.4
UK
1.8
2.0
1.5
4.9
4.9
5.1
0.6
2.5
2.6
Japan
1.0
1.2
0.6
3.1
3.1
3.1
-0.1
1.0
0.6
Canada
1.4
1.9
2.0
7
6.9
6.8
1.4
2.0
2.1
China
6.7
6.6
6.2
4.0
4.0
4.0
2.0
2.4
2.3
India
6.8
7.2
7.7
-
-
-
4.9
4.8
5.1
Russia
-0.2
1.4
1.4
5.5
5.5
5.5
7.0
4.5
4.2
Brazil
-3.6
0.2
1.7
11.3
12.1
11.6
8.7
4.4
4.3
Mexico
2.3
1.7
2.0
4.3
4.4
4.4
2.8
4.8
3.2
South Africa
0.3
0.8
1.6
26.7
27.4
27.7
6.3
6.2
5.5
Source: IMF World Economic Outlook, April 2017
Looking at crude oil market developments in demand, the
International Energy Agency pointedly refrained from making
any changes in its demand forecasts for 2017 and it kept
an especially tight lid on its projections for any increases in
demand taking place in either China or India.
In the event that the rise in protectionist foreign trade policies
among developed countries do cause global trade to slow down
even more, it is within the realm of possibility that the demand
for crude oil will decline still further.
Although inflation rates were up in developed countries in
2016, they showed modest declines among the developing
countries.
In 2016 the twelve-month inflation rate rose to 1.3% and
2.1% in the US and China respectively while in the euro area it
increased by only 0.2% and in Japan it fell by 0.1%.
The rise in inflation in developed countries would appear to
stem from a somewhat more positive economic outlook as well
as from higher oil prices. The prospects of more expansionist
economic policy planning in the United States in the wake
of the country’s November elections and expectations as to
what the US Federal Reserve Bank might do nourished the
strength of the US dollar, which gained value. While there
may be modest increases in euro area inflation rates fueled by
somewhat higher energy prices in the near term, it is likely that
Developments in the World and Turkish
Economies
Annual Report 2016
The Association of Financial Institutions
34