Berk Orkun Isa
Berk Orkun Isa works for Garanti BBVA as an economist since March 2020. He currently focuses on big data projects, economic modeling and quantitative analysis, as well as advanced analytics.He obtained his MSc degree in economics from Tilburg University and BA degree in Economics from Ankara University. He is currently pursuing an MBA degree. Prior to this role, he worked for liquidity risk management unit of Garanti BBVA.
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%.
September 8, 2021
Global | The COVID-19 impact on Consumption in Real Time and High Definition: Sept 8th
Consumption growth rates showed a rebound in August in most countries, especially in services and tourism related sectors. In most countries card spending has gained more pull against cash.
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.