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Turkey to Grow 6.9% in Q1

Turkey to Grow 6.9% in Q1Turkey to Grow 6.9% in Q1

The Turkish economy is expected to grow 6.9% in the first quarter this year, according to a panel of economists polled on Friday.

A group of 19 experts questioned by Anadolu Agency made this estimation ahead of Monday’s announcement of the first quarter’s GDP by the Turkish Statistical Institute, TurkStat.

The average growth expectation of economists for the first quarter of the year was 6.9%. Economists surveyed had the highest growth expectation of 8% and the lowest growth expectation of 6% for the Q1.

The survey also revealed that the median of the estimates for the year-end growth in 2018 was 4.7%, with the highest forecast at 5.5% and the lowest at 4%. The World Bank has forecasted the Turkish economy will grow to 4.5% in 2018, according to its Global Economic Prospects report for June 2018.

Turkish economy—the fastest growing economy among G20 countries—grew 7.4% in 2017, compared to the previous year.

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