Turkey | Activity beats expectations in 4Q17
Published on Thursday, February 8, 2018 | Updated on Thursday, February 8, 2018
Turkey | Activity beats expectations in 4Q17
Summary
Industrial production (IP) grew by 8.7% yoy (cal. adj.) in December 2017 above the market call of near 7%. Hence, the moderation in IP proved to be limited with 7.8% annual growth in 4Q after 10.2% growth in 3Q. We maintain our 2017 GDP growth estimate at 7% with risks on the upside while the economy may moderate towards near 4.5% in 2018.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Seda Guler Mert
BBVA Research - Principal Economist
Adem Ileri
BBVA Research - Senior Economist
Documents and files
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