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Turkey: Robust 2Q GDP growth, as expected

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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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Geographies:Turkey
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