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Turkey’s economic growth tops estimates in Q2

by ChemOrbis Editorial Team -
  • 10/09/2015 (11:05)
According to media reports, Turkey’s economy grew at a faster pace than expected in the second quarter of this year. The country’s gross domestic product (GDP) expanded 3.8% on the year, exceeding economists’ initial estimates, which called for a growth rate of 3.1% in a survey by Bloomberg. Meanwhile, Turkey’s Q1 economic growth rate was revised up to 2.5% from the previously reported growth rate of 2.3%.

On a quarterly basis, meanwhile, Turkey’s GDP rose 1.3% in the April-June period after posting an upwardly revised growth rate of 1.5% in the previous quarter.
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