Goldman, JPMorgan see expanding Turkish economy

Goldman, JPMorgan see expanding Turkish economy 01/04/2017 (Anadolu Agency – Turkey): Goldman Sachs and JPMorgan Chase revised up 2017 growth estimates for the Turkish economy, the banking giants announced Friday. Goldman Sachs expects the economy to grow 2.3 percent, while JPMorgan Chase estimates a 2.6 percent expansion. The banks previously projected 1.8 percent growth. The decision comes after the Turkish Statistical Institute released GDP figures earlier Friday that showed a 3.5 percent increase in the fourth quarter and 2.9 percent in 2016. “Turkish GDP growth rebounded strongly … exceeding both our and consensus expectations,” Goldman said in a note. The bank said the growth in consumption was a surprise and the strongest recovery was in exports…




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