Economic Growth and Forecasts: June 2017

High Growth Continues

Ozan Bakış and Mine Durmaz

As predicted by Betam, the growth rate in the first quarter of 2017 also confirmed that there has been an recovery in Turkish economy. The second quarter growth forecast run by the finalized data indicates that this recovery continues. We predict an improvement in consumption, investment and net foreign trade. Using fully released April, and partially released May series, we forecast quarter-on-quarter growth rate to be 1.6 percent, year-on-year growth rate to be 5.9 percent in the second quarter of 2017.

pdf. EconomicOutlook2017M06