Turkey's had a fantastic year, growing at over 7%. But all of that may be about to end, as Turkey looks like it will end up somewhere between the developed world and the BRICs next year.
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Morgan Stanley projects it's growth will fall to about 4.5% in 2011 and 2012.
Included in The Economist's CIVETS (and they projected this GDP fall), their emerging rivals to the BRICs, Turkey has had a decidedly less bullish end to 2010, than beginning.
While the iShares index fund for the country is up 22.71% for the year, it's down 7.87% over the next month. So maybe the lower GDP outlook, compared to 2010, is already priced in to its equity market.
