Moderate Growth in the First Quarter
Ozan Bakış and Uğurcan Acar
In the light of fully-released January and partly-released February leading indicators, we expect GDP to expand by 5.4 percent on a year-on-year basis for the first quarter of 2022. According to seasonal and calendar adjusted data, we forecast quarter-on-quarter GDP growth to be 0.5 percent.
2022 economic growth expectations of international organizations IMF, World Bank, and OECD for Turkey are 3.3, 2, and 3.1 percent, respectively.