Posts Tagged 2Q
Turkey Macro: 2Q16 GDP Growth Preview

Turkey Macro: 2Q16 GDP Growth Preview

Turkey’s growth has been remarkable resilient recently. While some of the biggest developing has entered recession, and some other has just muddled along, Turkey has managed to sustain economic growth along with its Asia peers amid rising concerns around emerging markets.

Turkey, despite some setbacks, grew 4.8% y/y in 1Q 2016, beating our estimates by 40 basis points. The economy was faster largely due to private consumption and lacked the contribution from private investment, which, however, could...

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