Gül Yücel works as an Economist at Garanti – BBVA Research since June 2022. She holds a BA and MA degree in Economics from Bilkent University, Ankara.
Previously, she worked as an Economist at the Industrial Development Bank of Turkey where she was mainly responsible for doing research on topics in development economics, particularly gender equality and climate crisis.December 3, 2024
Consumer prices rose by %2.24 m/m in November, higher than consensus (2.0%), with no improvement in the underlying inflation trend. Considering November realizations, we evaluate annual consumer inflation is likely to finish the year at around 45% and decline to 26.5% in 2025 on our assumption of an effective policy mix.
November 29, 2024
Turkish economy experienced a mild recession, in line with our expectations, contracting by 0.2% q/q in 3Q24 (vs. -0.2% q/q in 2Q24) and posting 2.1 y/y growth. Our monthly GDP indicator nowcasts point to a weak quarterly GDP growth for 4Q24, which could result nearly 3% y/y in 2024.
November 29, 2024
COP29 reflects that multilateralism in climate action is (hardly) alive, with (small) steps like (minimal) financing agreements for developing economies or (delayed) carbon credit international exchange operations. All in all a small step forward, insufficient to bridge the gap to the Paris Agreement goals.
