Turkey | Sharper than expected adjustment in 3Q GDP
Published on Monday, December 10, 2018 | Updated on Tuesday, December 11, 2018
Turkey | Sharper than expected adjustment in 3Q GDP
Summary
Turkish Economy grew by 1.6% in yoy in 3Q18, failing to satisfy expectations (2.2% Consensus and BBVA-Research). Quarterly growth rate (sca) realized as -1.1%, which signals that adjustment in the economy becomes faster and is likely to deepen further. We maintain our GDP growth estimate at 3% for 2018, while risks are on the downside for our 2019 growth forecast of 1%.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- GDP
- GDP growth
Authors
Ali Batuhan Barlas
BBVA Research - Principal Economist
Adem Ileri
BBVA Research - Principal Economist
Serkan Kocabas
Seda Guler Mert
BBVA Research - Chief Economist
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data