Econ­o­mists ex­pect re­cov­ery in Turkey’s GDP: Sur­vey

Dünya Executive - - OVERVIEW -

The Turk­ish econ­omy, which nar­rowed 2.6 per­cent year-on-year in the first quar­ter of 2019, is ex­pected to shrink 1.8 per­cent in the sec­ond quar­ter, ac­cord­ing to an

Anadolu Agency sur­vey. Among a group of 14 econ­o­mists sur­veyed by Anadolu Agency, growth ex­pec­ta­tions hov­ered be­tween neg­a­tive 1 per­cent and neg­a­tive 2.5 per­cent. Year-end growth was ex­pected at 0 per­cent, with the high­est fore­cast be­ing 0.7 per­cent and the low­est neg­a­tive 0.8 per­cent. The Turk­ish econ­omy, which started to nar­row by the last quar­ter of 2018, posted 2.6 per­cent growth in 2018. Mean­while, the World Bank’s Global Eco­nomic Prospects re­port fore­casted that the Turk­ish econ­omy would re­sume growth by 2020. The Turk­ish Sta­tis­ti­cal In­sti­tute is to re­lease GDP and in­fla­tion sta­tis­tics this week.

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