Turkey: Domestic demand boosts GDP
Published on Monday, December 11, 2017 | Updated on Thursday, December 14, 2017
Turkey: Domestic demand boosts GDP
Summary
The GDP growth rate of 3Q17 surprised on the upside at 11.1% (8.5% both BBVA-GB and consensus), which was supported by the Government’s counter-cyclical measures, favorable base year impact and working day adjustments. This strong figure and an already promising 4Q17 nowcast will lead us to significantly upgrade our already high GDP forecast (6%) to near 7% for 2017.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Seda Guler Mert
BBVA Research - Chief Economist
Asuman Kemiksiz
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Serkan Kocabas
Ali Batuhan Barlas
BBVA Research - Principal Economist