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    Adem Ileri
    Adem Ileri
    Senior Economist
    Istanbul

    Adem Ileri works as an Economist at Garanti BBVA since January, 2018. His main responsibility is making macroeconomic analysis of Turkey.

    He hold both BA and MSc degrees in Economics from Middle East Technical University (METU), Ankara. Before joining Garanti Bank, he worked as a Research Assistant at METU and as a Specialist in Economic Research Unit at Turk EximBank (Export Credit Bank of Turkey).

    Latest publications

    October 3, 2022

    Türkiye | Uncertainty on inflation figures

    Consumer prices rose by 3.08% in September, below both market consensus (3.15%) and our expectation (3.7%), which led to an annual inflation of 83.5%. We expect consumer inflation to be 70% at the end of the year as base effects would start a disinflation path.

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    September 5, 2022

    Türkiye | August CPI surprised to the downside

    Consumer prices rose by 1.46% in August, once again below both market consensus and our expectation (2%), which led to an annual inflation of 80.2%. We forecast consumer inflation to be 70% at the end of the year and 33% at the end of 2023, with risks remaining on the upside.

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    August 31, 2022

    Türkiye | GDP grew by 7.5% in 1H22
    Turkish economy grew by 7.6% y/y in 2Q22, resulted in 7.5% y/y GDP growth in the first half of 2022. We keep our 2022 GDP growth forecast of 5%, on the grounds of the recent high realization in the first half and authorities’ bias to maintain loose policies.

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