Searcher
Tuğçe Tatoğlu
Tuğçe Tatoğlu
BBVA Research - Senior Economist

Tuğçe Tatoğlu is a Senior Economist at Garanti – BBVA Research. She joined Garanti – BBVA in 2022. She got her BA degree in Economics from Ankara University, and received her MSc degree from TOBB ETÜ. She is currently PhD Candidate in Economics at TOBB ETÜ.

Before joining Garanti – BBVA, she worked as a Research Assistant in the field of macroeconomic analysis and politics at Süleyman Demirel University. Previously, she worked as a Teaching Assistant at TOBB ETÜ and as a Researcher in the Social Policy Research Center where she was responsible for analysis on labor markets mainly.

Latest publications

Consumer prices rose by 3.16% (68.5% y/y) in March, lower than both our expectation and consensus (3.5% and 3.6%, respectively). We expect annual consumer inflation to reach 45% by 2024 end under the assumption of 3.5% GDP growth in 2024, gradual currency depreciation and continuing demand restrictive policies.
After the strong growth performance in 2023 with 4.5% y/y, we nowcast an acceleration in GDP growth rates in 1Q24 with 5.5% annually as of March. We maintain our 2024 GDP growth forecast of 3.5% given the solid performance in 1Q, the pre-election fiscal impulse and expected capital inflows.
Consumer prices rose by 4.53% in Feb, higher than our exp. and cons. (4.0% both), and annual inflation accelerated to 67.07% (64.86% prev.). Given the strong realizations in Jan. and Feb, we expect tighter financial conditions to be pursued in post-election period and maintain our 2024 year-end inflation expectation of 45%.