Turkey: Low Q2 Growth Reinforces Below-Consensus Forecast

September 2008
Emerging Markets Monitor;9/15/2008, Vol. 14 Issue 23, p13
Country Report
The article reports on the low second quarter economic growth in Turkey in 2008. Growth dropped to a six-year low of 1.9% year-on-year from a previous 4.1% posted in 2007. It notes that the drop in growth is due to a weakened domestic demand in which private consumption rose by only 2.8% year-on-year. It mentions that such figures suggest a full-year economic growth of 3.8% and that domestic demand is expected to improve in the second half of the year.


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