Turkish economy grows 6% in Q4
Monday, 03 02 2020, Category: Economy, Country: Turkey
The Turkish economy grew 6.0% year-on-year in the fourth quarter, beating expectations and rebounding strongly as it completely shook off the effects of recession following 2018’s currency crisis.
Compared to the third quarter, gross domestic product (GDP) expanded at a seasonally and calendar-adjusted 1.9% pace, the Turkish Statistical Institute data showed.
A Reuters poll forecast the economy would expand 5% year-on-year in the fourth quarter.