Published on Thursday, June 14, 2018 | Updated on Thursday, June 14, 2018
Turkey | Still solid activity in April…to decelerate
Summary
The Industrial production (IP) grew by 6.2% yoy in calendar adjusted terms, slightly above the market consensus of 5.65% in April. Our monthly GDP indicator still nowcasts slightly below 6% yoy growth for 2Q18 as of May. Considering the overheating in the 1Q and the 500bps tightening in last two months, we expect GDP growth to be near 3.5% this year.
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- Türkiye
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- Macroeconomic Analysis
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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