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    Adem Ileri
    Adem Ileri
    BBVA Research - Principal Economist

    Adem Ileri works as a Principal Economist at Garanti BBVA since January, 2018. His main responsibility is making macroeconomic analysis of Turkey.

    He hold both BA and MSc degrees in Economics from Middle East Technical University (METU), Ankara. Before joining Garanti Bank, he worked as a Research Assistant at METU and as a Specialist in Economic Research Unit at Turk EximBank (Export Credit Bank of Turkey).

    Latest publications

    June 27, 2024

    Türkiye | The CBRT maintains a wait-and-see approach
    The Central Bank kept the policy rate at 50% in line with expectations. We expect that annual inflation will come down to 45-50% by September on base effects before ending the year at 43%. We believe that there would be only a limited room to start easing cycle very gradually in 4Q24 considering high inflation expectations.

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    June 13, 2024

    Türkiye | Deceleration in economic activity in 2Q24

    After the strong growth performance (2.4% q/q) in 1Q24, our monthly GDP indicator nowcasts 0-0.5% quarterly growth in 2Q24. Considering the strong performance of 1H24, risks start to be tilted slightly to the upside for our 2024 GDP forecast of 3.5%. Yet, lagged effects might put 2025 GDP growth under pressure.

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    June 3, 2024

    Türkiye | Challenging outlook on inflation trend
    Consumer prices rose by 3.37% m/m in May, higher than expectations (3.1% consensus and 3% ours), leading the annual inflation to rise to 75.45%. We expect inflation to decline faster in 2H24 on favorable base effects and reach 43% at the year end.

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