Turkey | Still Robust GDP Growth in 2Q
Published on Thursday, July 14, 2016 | Updated on Thursday, July 14, 2016
Turkey | Still Robust GDP Growth in 2Q
Summary
IP grew by 5.6% (WDA YoY) in May, beating the consensus estimate (4.1%). April-May production and demand side data pointed at a modest slowdown economic activity in 2Q16 especially in ex-auto items, partly confirming the earlier easing signals from the confidence indicators. We expect some moderation ahead but we maintain our 3.9% 2016 annual GDP growth forecast.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Seda Guler Mert
BBVA Research - Chief Economist
Asuman Kemiksiz
Ugur Kucuk