Searcher
Ali Batuhan Barlas
Ali Batuhan Barlas
Senior Economist
Istanbul

Batuhan Barlas works as an Economist at Garanti BBVA since September 2016. His main responsibilities include development and management of macro-econometric models, generating macro-financial forecasts and macroeconomic analysis of Turkey in general.

He received his BA degree in Economics from Bogazici University, Istanbul. He continued his graduate studies in Economics at Bogazici University and the University of Maryland, College Park.

Prior to joining Garanti Research, he worked as a Research Assistant at Bogazici University and Risk Management Specialist at Fibabanka.

Latest publications

Industrial Production (IP) grew remarkably lower than expectations by 8.7% yoy in calendar adjusted terms (cons:15.2%) in July, whereas it contracted by 2.3% yoy in raw series. However given the strong momentum so far and still recovering global growth we maintain our 2021 GDP growth forecast at 9%.
Turkish economy grew by 21.7% yearly in 2Q21, resulting in a 14.3% growth in the 1H21. The high carry-over impact is over 3Q onwards but the reopening, recovering tourism and exports revenues are still boosting the overall growth rate. We maintain our 2021 GDP growth forecast at 9%, with risks still on the upside.
Industrial Production (IP) grew by 24% yoy in both calendar adjusted and unadjusted terms in June, implying above 40% yoy growth in 2Q on the back of base effects. Given the strong activity so far in 1H and upward revisions on the global outlook we expect 2021 GDP growth to be 9%, with risks still on the upside.