​Q3 GDP: Strong rebound, at a steep cost

TURKEY - Report 30 Nov 2020 by Murat Ucer

Following a sharp, pandemic-driven drop in the second quarter (9.9%, y/y), GDP surged by a higher than expected 6.7% in the third quarter vs consensus forecast of around 5-5.5%, thanks, chiefly, to the unlocking of the economy in the summer months, and extremely strong loan growth. In working day- and seasonally-adjusted terms (WDSA), GDP grew by 15.6% in Q3 over the previous quarter, after some 11% contraction in Q2.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.