Turkey: Annual GDP Set To Grow 7% In February
Ali Batuhan Barlas / Adem Ileri / Seda Guler Mert / Sinem Senel / Yesim Ugurlu Solaz (BBVA Research) | Industrial Production (IP) surprised onthe upside, increasing 14.4%yoy in calendar adjustedterms (vs market expectation of 0.8%). IP also rose by 1.6% mom, resulting in a 4.3% quarter-on-quarter growth in 4Q21 (vs 2.0% qoq in 3Q21). Both retail sales and turn over index in the services sector suggest that consumption remains…
