Seda Guler Mert
Seda Guler Mert
Chief Economist

Seda Guler Mert is the Chief Economist of Turkey at BBVA Research. She leads a team of economists having expertise on the macroeconomic analysis of the Turkish Economy, specific issues on the Turkish financial system, political and geopolitical analysis of the country, and quantitative analysis and economic modeling. The team conducts a new line of research on Big Data and Applied Economic Analysis in order to improve macroeconomic forecasting and real-time analysis of the economy in high definition.

She made a major degree in Economics and a minor degree in Mathematics at Middle East Technical University (METU), Ankara. She also made her Master’s degree in Financial Engineering at Bogazici University, Istanbul. She has taken different courses and received certificates on “Macroeconomic Analysis and Forecasting”, “Macroeconomic Challenges of Global Imbalances” and “Financial Programming and Policies” from IIF, LSE, and IMF, respectively.

Latest publications

Industrial Production (IP) increased by 11.4% yoy in calendar adj. terms (14.7% yoy in raw series) in November higher than the market expectation of 8%. We expect 2022 GDP growth to be realized as 3.5%.
Consumer prices increased by 13.58% in December significantly above expectations resulting in an annual inflation of 36.1% up from 21.3% the month before. We expect consumer inflation to hover above 40% throughout the year before declining to near 30% at the end of the year, helped by the favorable base impact in December.
Industrial Production (IP) increased by 8.5% yoy in calendar adjusted term(5.4% yoy in raw series), in line with the market expectation in October. 2021 GDP growth will likely reach 10.5-11%, beating our current 9.5% GDP growth forecast.