Browsing: Stimulus

Macro View
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Q3 2016: Growth Turned Negative

First, The Revision Turkey’s official statistics office released major revisions to its national accounts data as the data was rebased such that the components are weighted to compile a real GDP statistics by chain-linking with 2009 as the base year. The office also introduced changes…

Macro View
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Growth is Set for a Q4 Comeback?

Turkish government lowered its 2016 GDP growth target to 3.2% in its Medium Term Plan about a month ago. Also, the results of the central bank’s survey of expectation point to a same level of output growth for 2016 in October, coming down from 3.67%…