Economic Growth and Forecasts: October 2017

High Growth Continues
Ozan Bakış and Mine Durmaz

The growth rates in the first two quarters of 2017 were high as predicted by Betam. As a result, the IMF, the World Bank and many organizations have revised up their growth forecasts for 2017. According to our forecasts based on the recent data, high growth in the first two periods will continue. We predict an improvement in consumption and investment expenditures. Using fully released July, August and partially released September series, we forecast quarter on quarter growth rate to be 1.8 percent, year-on-year growth rate to be 6.8 percent in the third quarter of 2017.

pdf. EconomicOutlook2017M10