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Published on Monday, September 10, 2018 | Updated on Monday, September 10, 2018

Turkey | 2Q growth signals the adjustment is underway

Summary

Turkish economy grew by 5.2% (YoY) in 2Q18 (5.3% Consensus vs. 5.5% BBVA Research). As expected, the seasonally and calendar adjusted quarterly growth rate decelerated from 1.5% in 1Q18 to 0.9% in 2Q, which means that the adjustment is underway. We expect GDP to grow 3% in 2018.

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Turkey-Activity-Pulse-Sep2018

English - September 10, 2018

Authors

AB
Ali Batuhan Barlas BBVA Research - Senior Economist
SG
Seda Guler Mert BBVA Research - Principal Economist
AI
Adem Ileri BBVA Research - Senior Economist
SK
Serkan Kocabas
�O
Álvaro Ortiz BBVA Research - Head of Analysis with Big Data
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