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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
MNI INTERVIEW2: Poland To Push For EU Defence Fund
Goldman Sachs Forecast GDP to Grow by +1.1% QoQ in Q3
- On a sequential and seasonally adjusted basis, Goldman Sachs forecast GDP to grow by +1.1% q/q in Q3, down from +3.5% q/q in Q2, and in annual terms by +5.7% y/y, up from +5.1% y/y in Q2.
- While TRY loan growth has been deeply negative in real terms for all of Q3, domestic demand was still supported by mid-year wage hikes, they say. Furthermore, they say the impulse from fiscal loosening ahead of the elections in May and from credit expansion earlier in the year spilled over to Q3 as well.
- Looking ahead, they expect Turkish GDP to contract in Q4 as the impact of wage hikes dissipated and policy tightened further into the quarter. They see overall growth at +4.0% for 2023 as a whole (against the government projection of +4.4%).
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.