Economic Growth and Forecasts: October 2022

Growth Decelerates

Ozan Bakış,  Uğurcan Acar

In light of fully-released July, August and partly-released September leading indicators, we expect GDP to increase by 4.2 percent year-onyear in the third quarter of 2022. According to seasonal and calendaradjusted data, we forecast quarter-on-quarter GDP growth to be -0.1 percent.

The figures of this forecast for third quarter are higher than our initial one, as the newly released economic indicators are better than those in July.

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