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The second quarter growth is 6 percent

Ozan Bakış and Yazgı Genç

In the light of fully-released April and partly released May leading indicators, our estimate for the year-on-year GDP growth is 6 percent in the second quarter of 2018. Accordingly, seasonally- and calendar-day adjusted quarter-on-quarter growth rate is expected to be 1.2 percent in the second quarter of 2018 compared to previous quarter. We need to keep in mind that leading indicators we used in this note only partially reflect the negative effects of increase in interest rates and exchange rates in May and June. Thus, we would like to remind that our estimate for growth rate in second quarter of 2018 will be revised down by using updated data.

pdf. EconomicGrowthForecasts2017M06