18710
Turkey Growth at 2.3%
World Economy

Turkey Growth at 2.3%

Turkey’s economy grew by 2.3% in the first quarter of the year, against the same period of last year, exceeding the expectations at around 1.6%, according to the data released by Turkstat on Wednesday, NewsNow reported. Gross domestic product (GDP) grew by 2.3% against the same quarter of previous year in the first quarter of 2015 while the growth stood at 1.3% on quarterly basis. The growth mainly depended on the services sector which grew by 4.1% in the first quarter and agriculture sector by 2.7%, while value added of industry remained unchanged over the same period. Household final consumption expenditure grew by 4.5% and the government final consumption expenditure grew by 2.5% at constant prices in the first quarter. According to the Turkstat data, net value added of the exports to the growth was negative in the first quarter, which fell by 0.3% at constant prices, while imports of goods and services increased by 4.1%.

 

Short URL : http://goo.gl/rCThVt

You can also read ...

Najib Says Malaysia Reserves at $100 Billion
Malaysia’s international reserves, which amount to more than $...
For the full year 2017, GDP growth may be slightly higher than the 1.4% estimated in the previous bulletin, the Bank of Italy said.
Fitch Ratings has affirmed Italy's sovereign rating at 'BBB'...
Japan Faces Huge Challenges
Is Japan’s problem-plagued economy finally turning a corner?...
Pakistan Economy Teetering as Pleas for Remedy Mount
Pakistan is showing clear signs of economic meltdown amid...
If NAFTA is scrapped, some economists predict that the big automakers would just shift production altogether to Europe or Asia.
America’s federal government finished fiscal 2017 with a...
GE is maker of power plants, jet engines, medical devices and other  industrial equipment.
General Electric Co’s new chief executive vowed to shed more...
Chinese stocks have steadily moved upward since June.
Investor confidence in China’s securities market remains...
Fed Chair Race Heats Up
President Donald Trump said he’s considering Stanford...

Trending

Googleplus