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    Turkey | 2Q growth signals the adjustment is underway

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    Published on Monday, September 10, 2018 | Updated on Monday, September 10, 2018

    Turkey | 2Q growth signals the adjustment is underway

    Turkish economy grew by 5.2% (YoY) in 2Q18 (5.3% Consensus vs. 5.5% BBVA Research). As expected, the seasonally and calendar adjusted quarterly growth rate decelerated from 1.5% in 1Q18 to 0.9% in 2Q, which means that the adjustment is underway. We expect GDP to grow 3% in 2018.

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