Economic Growth and Forecasts: January 2025

Growth in the Fourth Quarter Continues

Ozan Bakış, Oğuz Yurtoğlu

In light of the fully-released October, November and partly-released December leading indicators, we expect the Turkish economy to shrink by 0.6 percent in the fourth quarter of 2024 compared to the same quarter of the previous year. According to seasonal and calendar-adjusted data, we forecast quarter-on-quarter GDP growth to be 0,4 percent.

pdf. EconomicGrowthForecasts2025M01