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BGC Partners: GDP growth in 4Q18 came in at -3.0% y/y, broadly in line with expectations…
Turkey’s GDP contracted by 3.0% y/y in 4Q18, broadly in line with the -2.7% consensus forecast. It was widely expected for the GDP to have contracted in 4Q18 and activity is likely to have remained in contraction territory in 1Q19. As such, GDP growth materialized at 2.6% y/y in 2018. The seasonally and calendar adjusted GDP data pointed to a 2.4% q/q decrease in 4Q18 being the second consecutive quarterly decline in output, following the 1.6% q/q drop in 3Q18.
Provider
BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
Cagdas Dogan
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