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    Gizem Onen
    Gizem Onen
    Economist

    Gizem Onen has joined the Garanti Bank as a Junior Economist in September 2016. She has graduated from Koc University in 2015. She holds BA degree in Economics, with a double major in Business Administration. During her college studies, Gizem also spent a semester abroad in Fall 2014 at Bocconi University in Economics department.


    Her responsibility within the team, is macroeconomic analysis of Turkey; including financial modelling and forecasting.

    Latest publications

    October 9, 2017

    Turkey: Robust Activity in 3Q
    In August, industrial production (IP) growth came in at 5.2% yoy (cal.adj.) and retail sales index’ growth rate accelerated further. As August data signals further acceleration in the economic activity, our monthly GDP indicator (GBTRGDPY Index at Bloomberg) nowcasts 8.2% growth for 3Q (26% information for September).

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    October 3, 2017

    Inflation: Another surprise from core inflation
    CPI increased by 0.65% (mom) in September. Annual consumer inflation, hence, rose to 11.2% from August’s 10.7%. Core inflation was the negative surprise, reaching 11%. Negative food inflation in contrast to its seasonal average avoided the headline to climb up further. We expect the headline to increase further before it reaches 10% at the end of 2017 with base effects.

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    September 11, 2017

    Turkey: Robust 2Q GDP growth, as expected
    2Q17 GDP growth came in at 5.1% yoy, just in line with our expectation. Investment and private consumption were the main contributors whilst government spending contribution was negative for the first time in 9 quarters. We expect even a higher growth performance in 2H so risks on our 2017 forecast are on the upside.

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