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    Adem Ileri
    Adem Ileri
    Senior Economist
    Turkey

    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

    July 13, 2020

    Turkey | Fast recovery in May industrial production
    Industrial Production (IP) in May contracted by 20% yoy in calendar adjusted terms, which signals a gradual recovery after the sharp drop of 31% in April. The month-on-month recovery at 17% also proved to be the strongest monthly increase historically. We maintain our GDP growth estimate at 0% for 2020.

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    July 3, 2020

    Turkey | June CPI reinforces a worsening outlook
    Consumer prices increased by 1.13% in June, remaining significantly above both the consensus and our expectation (0.6% vs. 0.45%). Thus, also led by the negative base effects, annual inflation accelerated to 12.62% from 11.39% in May.

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    June 12, 2020

    Turkey | Contraction in production deepens in April
    Industrial Production (IP) in April contracted by 31.4% yoy as the restrictions and the impact of the COVID on the activity intensified during the month. We maintain our GDP growth estimate at 0% for 2020 and wait for June’s indicators to confirm the pace of recovery. Important down side risks remain.

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