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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 Q3) The year 2018 was a downward path for most of the economies and the picture for Turkey was not different. After the leading central banks decided to cut rates and opted a quantitative easing we have witnessed a pick up on global demand during the course of this year. Together with the trade deal optimism supply side was also in recovery. According to expenditure based gross domestic production (GDP) data, which was released by the Turkish Statistical Institute (TUIK), Turkish economy has recorded a 0,9% growth at the third quarter of this year compared to the last year’s same period. It…