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    Turkey | Still supportive data but losing pace

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    Published on Tuesday, July 17, 2018

    Turkey | Still supportive data but losing pace

    The IP grew by 6.4% yoy in calendar adjusted terms in May, above the market consensus of 5.5%. Despite the still positive trend, the highest monthly deterioration of 1.6% since September 2016 signals the increasing likelihood of a more rapid adjustment than expected. We expect GDP growth to come down to 3.8% in 2018.

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