Economists expect recovery in Turkey’s GDP: Survey
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.