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    Adem Ileri
    Adem Ileri
    Senior Economist
    Turkey

    Adem ?LER? 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. He is also pursuing his PhD study at METU. 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 12, 2019

    Turkey | Promising signal from May IP
    IP declined by 1.3% yoy in calendar adjusted terms in May, slightly better than market expectation (-2%). Hence, the annual contraction in IP (c.a.) decelerated further from -4.7% in 1Q19 to -2.6% in the first two months of 2Q19. In absence of new shocks, we maintain our GDP growth forecast at 0.3% for 2019.

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    July 3, 2019

    Turkey | June inflation opens the door for rate cuts
    Consumer prices increased by 0.03% in June, lower than consensus but slightly higher than ours (0.2% Bloomberg vs. -0.15% BBVA Research). Supported by the base effects, annual inflation declined to 15.7% from 18.7% in May.

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    June 18, 2019

    Turkey | Some negative signals from April IP
    IP(cal. adj. ) contracted by 4% yoy in April, worse than market expectation (-2.5%). The deceleration in the yearly contraction still continues but loses some steam. Though, supported by the current momentum and positive base effects of 2H19, in absence of new shocks, we maintain our GDP growth forecast at 0.3% for 2019.

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