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• In this edition, we estimate that Turkey’s y/y GDP growth momentum has been revolving around +1% y/y as of October 2019, similar to the +0.9% growth recorded in 3Q19. We observe that the total consumption growth has been gaining pace to above +2% while the contraction momentum in investments has further subsided to -3% y/y levels. Whereas, we estimate that the contribution of net exports became increasingly negative as of October, as the base has fully caught up and imports started to pick up, albeit mainly due to gold
BGC Partners - PICTURING TURKEY - GDP growth momentum stabilizes in October
• In our “Picturing Turkey†product we present our Nowcast Model, which aims to estimate where Turkey stands in terms of economic activity by using 22 indicators. We bring those together in three charts, one showing the GDP growth momentum and the other two showing the total consumption and investment growths.• In this edition, we estimate that Turkey’s y/y GDP growth momentum has been revolving around +1% y/y as of October 2019, similar to the +0.9% growth recorded in 3Q19. We observe that the total consumption growth has been gaining pace to above +2% while the contraction momentum in investments has further subsided to -3% y/y levels. Whereas, we estimate that the contribution of net exports became increasingly negative as of October, as the base has fully caught up and imports started to pick up, albeit mainly due to gold
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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
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