Turkey: Robust 2Q GDP growth, as expected
Published on Monday, September 11, 2017 | Updated on Monday, September 11, 2017
Turkey: Robust 2Q GDP growth, as expected
Summary
2Q17 GDP growth came in at 5.1% yoy, just in line with our expectation. Investment and private consumption were the main contributors whilst government spending contribution was negative for the first time in 9 quarters. We expect even a higher growth performance in 2H so risks on our 2017 forecast are on the upside.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- GDP
- Investment
- Consumption
Authors
Asuman Kemiksiz
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Seda Guler Mert
BBVA Research - Chief Economist
Ali Batuhan Barlas
BBVA Research - Principal Economist
Gizem Onen