Quarter-on-Quarter Growth is Positive
Ozan Bakış and Uğurcan Acar
In the light of fully-released July, August and partly-released September leading indicators, our estimate for the year-on-year GDP growth is minus 2 percent in the third quarter of 2019. Our estimate for seasonally and calendar day adjusted quarter-on-quarter growth is 0.5 percent in the third quarter of 2019.
As known, the growth rate in 2019 was revised as 0.5 percent in the New Economy Program. However, the final forecast of The World Bank, OECD and IMF are 0.0, -0.3 and 0.2 percent, respectively.