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BGC Partners: Turkish GDP growth in 3Q18 came in at 1.6% y/y, broadly in line
Turkey’s GDP growth materialized at 1.6% y/y in 3Q18, broadly in line with the 2% consensus forecast. It was widely expected for the GDP to have lost momentum as of 3Q18 and activity is likely to have contracted in 4Q18. As such, we maintain our current expectation of around 3% GDP growth in full-year 2018. The seasonally and calendar adjusted GDP data pointed to a 1.1% q/q decrease in 3Q18 as expected, which should continue over the next couple of quarters, so that the deepest y/y contraction should be seen in 1Q19.
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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