Turkey's economy grows 4.5% in Q1
Friday, 05 29 2020, Category: Economy, Country: Turkey
Turkey's economy grew 4.5% year-on-year in the first quarter of 2020, the country's statistical authority announced Friday.
According to the Turkish Statistical Institute (TurkStat), gross domestic product (GDP) at current prices amounted to 1.07 trillion Turkish liras ($176.1 billion) in the January-March period.
"Seasonally and calendar adjusted GDP increased by 0.6% compared with the previous quarter," the institute said.
The figure showed that the Turkish economy was less affected by the coronavirus compared to other big economies while it came at worse than analysts’ expectations.