Economic Growth and Forecasts: March 2022

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.

pdf. EconomicGrowth2022M03