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Published on Monday, June 12, 2017 | Updated on Monday, June 12, 2017

Turkey: Another Positive Growth Surprise

1Q17 GDP surprised positively by growing 5% YoY compared to the market (3.4%) and our expectations (3.2%). Net exports and public spending were the main drivers of growth while the positive surprise factor was the solid private consumption growth. The risks on our 3% whole year growth forecast are clearly on the upside.