Market expects growth to accelerate in the first quarter

In Bloomberg HT's growth survey, participants' annual growth expectation for the first quarter was 5.6 percent. The growth expectation compared to the previous quarter was determined as 1.5 percent. In the last quarter of last year, annual growth was recorded as 4 percent and quarterly growth as 1 percent. Despite the tight monetary stance, market participants predicted that growth would accelerate in the first quarter of the year compared to the performance recorded in the previous period. According to Bloomberg HT's survey, institutions predicted that the Turkish economy would grow by 5.6 percent annually in the first quarter of 2024. The institution with the lowest estimate in the survey stated that it expected annual growth of 4.5 percent in the first quarter, while the institution with the highest estimate stated that it expected growth of 6.9 percent. In the last quarter of last year, annual growth in the Turkish economy was 4 percent. The growth expectation compared to the previous quarter in the survey was 1.5 percent in the first quarter. The highest expectation in terms of periods was 4.2 percent, while the lowest estimate was recorded as 0.4 percent. The growth expectation for the entire year of 2024 was 3.3 percent. The highest growth expectation for 2024 was 4 percent; the lowest was 2.6 percent. Participants were also asked about their growth estimates for the entire year 2025. Accordingly, the median growth estimate for institutions that submitted their growth estimates for 2025 was 3.8 percent for the year. The highest estimate was 4.5 percent, while the lowest expectation was recorded at 3 percent.