Domestic demand |

Domestic demand latest publications

Test - Colombia | Private consumption continues to lead the recovery

In the third quarter, GDP maintained a good dynamic, growing 13.2% in annual terms and 5.7% compared to the second quarter. Private consumption was at 107% of its pre-pandemic level and public consumption remains strong thanks to spending associated with the vaccination program.

Colombia | The role of domestic demand in growth

In our recently published report on prospects for the Colombian economy, we highlighted the leading role that domestic demand is set to have in the coming years. Within this role, there will be disparities between its consumption and investment components and between its private or public sources. In line with this, domestic demand will grow above GDP during 2019 and 2020.

Turkey | Still high 1Q GDP but already moderating

GDP grew by 7.4% (YoY) in 1Q18 above both consensus and our expectation (7% vs. 6%). The acceleration in growth on quarterly basis was surprising (2% vs 1.7% in 4Q), mainly supported by the boost in private consumption and the recovery in investment. We forecast 2018 GDP growth to be 3.5-4.0% as we expect adjustment of the economy to become more obvious from now onwards.