Economic Growth and Forecasts: June 2023

Positive Growth in the Second Quarter of 2023

Ozan Bakış and Hamza Mutluay

In light of the fully-released March, April, and partly-released May leading indicators, we expect GDP to decrease by 0.2 percent year-on- year in the second quarter of 2023. According to seasonal and calendar- adjusted data, we forecast quarter-on-quarter GDP growth to be 1.5 per- cent.

pdf. EconomicGrowthForecasts2023M06