Turkish GDP posted a spectacular rise of 11.1% Y/Y

Inna Mufteeva, A research Analyst at Natixis, notes that Turkish GDP (Gross Domestic Product) posted a spectacular, above expectations rise of 11.1% Y/Y in the third quarter of 2017 and suggests that positive base effects partly explain this performance, as economic activity of the third quarter of 2016 was heavily affected by the coup attempt on 15 July.

Natixis Bank is the global arm of the trade, investment, insurance and financial services of BPCE group, the second largest banking group in France.

 

Sources:

https://www.cccapital.co.uk/turkey-strong-growth-and-accumulation-of-imbalances-in-q3-2017-natixis/