7/2/2012

Turkey’s economy grows 3.2 percent in 1st quarter

Dünya - Continuing on its growth track for the 10th consecutive quarter, Turkey’s economy grew 3.2 percent in the first quarter of 2012, newly released official data reveals.


The growth rate in the country’s GDP in the first 3 months of the year over the same period of 2011 is calculated to be 3.2 percent in constant prices, according to the Turkish Statistical Institute (TurkStat). Beating the first quarter expectations, Turkish economy is forecasted to grow 4 percent annually in 2012.


The country’s economy is admired for its high growth rates in recent years; 9.2 percent in 2010 and by 8.5 percent in 2011.

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