Economic Growth and Forecasts: August 2023

GDP Growth in the Second Quarter

Ozan Bakış, Betül Akbulut

In light of the fully-released May, June, and partly-released July leading indicators, we expect GDP to increase by 4.5 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 1.7 percent.

pdf.  EconomicGrowthForecasts2023M08