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

Turkish economy grew 3.9% y/y in 3Q22 (vs. 4% expected and 4.4% market consensus). We nowcast an annual GDP growth rate of 2.8% as of November, which puts a slight downside risk on our 2022 GDP growth forecast of 5.5%. We forecast 2023 GDP growth to be 3% with the expected boost in the first half of the year.
Industrial production (IP) once again surprised to the downside and grew 0.4% y/y in September (vs. 3% expected), implying a very sharp deceleration with 2.5% y/y in 3Q (vs. 10.7% in 2Q). We forecast 5.5% GDP growth in 2022 and 3% in 2023 with the help of potential boost before the elections.
Industrial production (IP) surprised to the downside and grew 4.1% y/y in August, implying 3.7% y/y in July-August period (vs. 10.7% in 2Q). Monthly GDP indicator nowcasts a quarterly GDP growth of 0.5-1% for 3Q, while we maintain our 2022 GDP growth forecast at 6%.