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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

    June 13, 2022

    Turkey | Activity confirms an upward trend
    Industrial Production continued to surprise on the upside and grew 10.8% y/y in calendar adjusted terms in April. If no substantial negative shock occurs, given the current pace, it becomes more likely to achieve a full year growth rate close to 5%.

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    June 3, 2022

    Turkey | CPI surprised on the downside but maintained an increasing trend
    Consumer prices increased by 2.98% in May, much lower than market consensus (4%), which resulted in an annual figure of 73.5%. We expect consumer inflation to accelerate above 80% in the coming months before slowing down to near 60% given positive base effects in the last two months of the year.

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    May 31, 2022

    Turkey | Growth slowing but keeping a solid pace
    Turkish economy grew by 7.3% y/y in 1Q22 parallel to market expectation (7.2%). Given recent high momentum in activity and clear commitment of authorities to maintain loose policies, risks become tilted significantly to the upside on our prudent 2022 GDP growth forecast of 2.5%.

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