Our most recent publications
Although the second wave of the pandemic is going to have a major impact on the European economy in the last quarter of this year, recent news items have painted a somewhat clearer picture of what is in store for 2021.
General consumption rebounded and reached a real average growth of 10% YoY in the last week. All categories showed progress, with different values. The predictive power of our consumption indicators for economic activity and supermarket purchases is once again confirmed.
U.S. battening down the hatches after exiting eye of the storm. Fed pause a precursor to further action? Auto sales outlook: health concerns at the wheel. Housing market conditions and outlook.
The third day without VAT that we had in the country had a significant positive effect on private consumption, in addition the data gives a break to trade due to its dynamism after a drought of good news in times of pandemic.
Turkish economy grew by 6.7% yoy in 3Q20. The qoq growth rate was sharp at 15.6%, leading the overall level to jump over the pre-pandemic level. GDP growth rate reached 0.5% yoy in the first 3 quarters of 2020. On top of the robust performance, 2020 GDP growth will likely get near 1% (above our current forecasts of 0%).