Monday, 11 March 2019

Turkish Economy Grows 2.6 pct in 2018

Turkish Economy Grows 2.6 pct in 2018

The Turkish economy grew by 2.6 percent in 2018, the country's statistical authority announced on March 11.
TurkStat noted that gross domestic product (GDP) at current prices totaled 3.7 trillion Turkish liras (some $784 billion) last year.     
The economy contracted 3 percent in the fourth quarter of 2018.
Last week, a group of 15 economists interviewed by Anadolu Agency forecast a 2.5 percent annual growth for the Turkish economy. Their forecasts hovered between 1.8 percent- lowest estimate- and 3.3 percent.     
Meanwhile, Turkey's current account deficit fell 88.4 percent in the first month of this year, the country's central bank announced on March 11.  
In January, the current account posted an $813-million deficit, improving from a $7-billion deficit in the same month last year.

NEWS