Positive Growth
Ozan Bakış and Uğurcan Acar
In the light of fully-released July, August and September leading indicators, our estimate for the year-on-year GDP growth is 1.0 percent in the third quarter of 2019. Our estimate for seasonally and calendar day adjusted quarter-on-quarter growth is 1.2 percent in the third quarter of 2019.
As known, the growth rate in 2019 was revised as 0.5 percent in the New Economy Program. However, the final forecast of The World Bank, OECD and IMF are 0.0, 0.3 and 0.2 percent, respectively. The expectation for 2019 growth is 0,3 percent in the most recent survey published by Central Bank of the Republic of Turkey.