FOREX NEWS SURVEY - Economists Forecast 2.4% GDP Growth for Q3, 3.0% for 2024

image

FOREX NEWS SURVEY - Economists Forecast 2.4% GDP Growth for Q3, 3.0% for 2024

Foreks - Foreks News GDP survey results are in. The median and average annual forecasts for GDP growth in the third quarter of 2024 from economists stand at 2.4%. In the same period last year, growth was recorded at 5.9%. In the second quarter of 2024, a growth of 2.5% was observed. According to a survey conducted by Foreks News with 13 economists, the highest and lowest forecasts for the third quarter of 2024 were 3.1% and 2.0%, respectively. In the survey, the median and average expectation for 2024 was set at 3.0%. In the previous survey, the median growth forecast for 2024 was 3.2%. For the entire year of 2024, the maximum and minimum growth forecasts were 3.5% and 2.7%, respectively. Turkey recorded a growth of 4.5% for the entire year of 2023. Economists' median and average forecast for 2025 indicates a growth of 3.1%. The highest forecast for next year is set at 3.5%, while the lowest forecast is at 2.5%. In the previous survey, the expectation for 2025 indicated growth of 3.5%. Third-quarter GDP data will be announced by the Turkish Statistical Institute (TÜİK) on Friday, November 29, at 10:00 AM.