The Turkish economy registers a growth of 7.6% | Al...

The Turkish economy registers a growth of 7.6% | Al...
The Turkish economy registers a growth of 7.6% | Al...
According to data published by the Turkish Statistics Institute today, Monday, the country’s economy recorded a growth of 7.6% in the third quarter of 2020 on an annual basis, despite the continuing outbreak of the Corona virus.

The Turkish “Anatolia” news agency quoted the institute as saying that the country’s gross domestic product at current prices amounted to 1.4 trillion Turkish liras (197.4 billion dollars) in the period from July to September.

Anadolu Agency pointed out that this figure is much higher than market expectations, as a team of 17 economists polled by the agency predicted last Thursday that the Turkish economy would grow by 5% in this quarter.

They had also expected Turkey’s annual GDP growth for 2020 by 0.3% on average, but the new data is likely to lead to an improvement in estimates.

The country’s gross domestic product had recorded a growth of 4.5% in the first quarter of 2020, before shrinking by 9.9% in the second quarter due to the repercussions of Corona.

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