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ISTANBUL (Reuters) - Turkey's economy grew less than expected in the third quarter, expanding at an annual 2.1% rate, official data showed on Friday. Third-quarter gross domestic product (GDP) dipped 0.2% from the previous quarter on a seasonally and calendar-adjusted basis, Turkish Statistical Institute (TUIK) data showed. Growth in the second quarter was revised down to 2.4% from 2.5%, the data also showed. In a Reuters poll, the economy was forecast to have expanded 2.6% in the third ...Read More >
ISTANBUL (Reuters) - Turkey's economy is expected to have expanded 2.6% in the third quarter due to slower domestic demand and the weight of tighter economic policies, a Reuters poll showed on Tuesday, with the rate seen cooling to 3% for the year as a whole. The economy grew 5.3% in the first quarter of this year with strong domestic demand pushed up by a minimum wage hike and households bringing purchases forward in expectation of higher inflation ahead. In the second quarter, sagging demand ...Read More >
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