Turkey | 2Q growth signals the adjustment is underway
Published on Monday, September 10, 2018 | Updated on Monday, September 10, 2018
Turkey | 2Q growth signals the adjustment is underway
Summary
Turkish economy grew by 5.2% (YoY) in 2Q18 (5.3% Consensus vs. 5.5% BBVA Research). As expected, the seasonally and calendar adjusted quarterly growth rate decelerated from 1.5% in 1Q18 to 0.9% in 2Q, which means that the adjustment is underway. We expect GDP to grow 3% in 2018.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- GDP
Authors
Ali Batuhan Barlas
BBVA Research - Principal Economist
Seda Guler Mert
BBVA Research - Chief Economist
Adem Ileri
BBVA Research - Principal Economist
Serkan Kocabas
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data