Turkey’s economy misses estimates in Q3
The country’s gross domestic product (GDP) increased 1.7% year over year in the third quarter after a revised increase of 2.2% in the previous quarter. Economists’ initial estimates called for a 3.0% gain in a survey by Reuters. The country’s weaker quarterly economic growth was attributed to a slowdown in domestic demand.
Meanwhile, the Turkish government is targeting economic growth of 4.0% this year.
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