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GDP Growth – TUR
Gross Domestic Product in 2019/q4 Although the Turkish Statistical Institute (TUIK) has revealed the fourth quarters’ data on 28th of February, due to pressing agenda on financial markets, I could not find a room to update my charts until the last weekend. Besides, Covid-19 has already ruined many expectations and most analyst see a red tape for the first quarter in many economies. Even the previously avoided recession in 2019 is now inevitable for many countries. As the consistency of data and statistics in planing are very crucial let’s have a closer look now to the growth figures in the Turkish economy for the year 2019. According to expenditure based…
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GDP Growth – TUR
Growth Rates are revealed for Turkish economy (2019 Q2) As the underlying reasons of recession fears previously discussed under inverted yield curve, I will not dwell on the situation here once again, but rather on an evidence check. This month we will all be looking for the economic data and announcements of leading central banks on the outlook of global demand and supply conditions. And of course with that, their decisions on interest rates, quantitative easing etc. And the first issue that took my attention today was the release of gross domestic production (GDP) figures in the second quarter of 2019, for Turkey, by the Turkish Statistical Institute. There is…