{"id":9131,"date":"2020-06-05T11:57:04","date_gmt":"2020-06-05T09:57:04","guid":{"rendered":"https:\/\/betam.bahcesehir.edu.tr\/?p=9131"},"modified":"2020-06-05T11:57:04","modified_gmt":"2020-06-05T09:57:04","slug":"economic-growth-and-forecasts-may-2020","status":"publish","type":"post","link":"https:\/\/betam.bahcesehir.edu.tr\/en\/2020\/06\/economic-growth-and-forecasts-may-2020\/","title":{"rendered":"Economic Growth and Forecasts: May 2020"},"content":{"rendered":"
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Strong Growth in the First Quarter<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

Ozan Bak\u0131\u015f and G\u00f6khan Dilek<\/strong><\/p>\n

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In the light of fully-released January, February, and March leading indicators, we expect year-on-year GDP growth to be 6,7 percent for the first quarter of 2020. According to seasonal and calendar adjusted data, we forecast quarter-on-quarter GDP growth as 1.3 percent for the first quarter.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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There are two main reasons for this relatively high growth estimate. Firstly, there is a strong base effect: in the first quarter of 2019 the year-on-year growth rate was minus 2.3 percent. Secondly, the effects of Covid-19 are limited in the first quarter of 2020 because the pandemic impacts the economy in March.<\/p>\n

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We expect the growth estimate of the next month to be lower be- cause of similar two reasons. In the second quarter of 2019 year-on-year growth was minus 1.6 percent indicating a lower base effect for the same quarter of 2020. Secondly, the Covid-19 is in effect through the entire second quarter.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

pdf. EconomicGrowth Forecasts2020M5<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Strong Growth in the First Quarter Ozan Bak\u0131\u015f and G\u00f6khan Dilek In the light of fully-released January, February, and March leading indicators, we expect year-on-year GDP growth to be 6,7 percent for the first quarter of 2020. According to seasonal and calendar adjusted data, we forecast quarter-on-quarter GDP growth as 1.3 percent for the first […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[283,275,278],"tags":[],"class_list":["post-9131","post","type-post","status-publish","format-standard","hentry","category-economic-growth-and-forecasts","category-economic-research","category-publications"],"_links":{"self":[{"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/posts\/9131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/comments?post=9131"}],"version-history":[{"count":1,"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/posts\/9131\/revisions"}],"predecessor-version":[{"id":9134,"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/posts\/9131\/revisions\/9134"}],"wp:attachment":[{"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/media?parent=9131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/categories?post=9131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/betam.bahcesehir.edu.tr\/en\/wp-json\/wp\/v2\/tags?post=9131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}