High Growth Countinues in the Last Quarter

Ozan Bakış and Mine Durmaz Aslan

The biggest contributors to GDP growth in the first two quarters of 2017 have come from investment and foreign trade. In the third quarter, the net foreign trade contribution was almost zero, private consumption has emerged instead. The third quarter growth of 2017 has set a record and exceeded 11 percent, turning attention to the last quarter growth. Using fully-released October, and partly released November leading indicators, we estimate the quarter-on-quarter growth rate to be 1.5 percent and year-on-year growth rate to be 6.7 percent.

pdf. EconomicGrowthForecasts2017M12