Turkiye GDP: Fiscal Policy Delays Recession
Country Risk / Turkey / Thu 29 Feb, 2024
Key View
- According to GDP data released on February 29, Turkish economic growth accelerated from 0.3% q-o-q (6.1% y-o-y) in Q3 2024 to 1.0% q-o-q (4.0% y-o-y) in Q4 2023.
- Despite this performance – which was stronger than we had expected – we still think that Turkiye’s economy will enter recession in Q2 2024, after local elections on March