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    Gül Yücel
    Gül Yücel
    BBVA Research - Senior Economist

    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.

    Latest publications

    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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    May 31, 2024

    Türkiye | Turkish economy grew by 5.7% y/y and 2.4 q/q in 1Q24
    Turkish economy grew by 5.7% y/y in 1Q above the market consensus of 5.5% but lower than our expectation of 6%. Given the strong performance of 1H24 and lagged effects of expected fiscal consolidation and monetary policy, risks start to be tilted to the upside for our 2024 GDP forecast of 3.5%.

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