Turkey Growth Slowed in 4th Quarter as Basci Curbed Credit Boom
By Emre Peker - Apr 2, 2012 3:02 AM ET
Turkey’s economic growth slowed in the last quarter of 2011 as the central bank raised borrowing costs to rein in a boom in consumer loans.
Gross domestic product grew by 5.2 percent from a year earlier, faster than the 4.9 percent median estimate of 12 economists surveyed by Bloomberg, the government statistics office in Ankara said on its website today. The economy expanded 0.6 percent from the previous quarter. For the whole year, growth was 8.5 percent, compared with 9 percent in 2010.
More:Turkey Growth Slowed in 4th Quarter as Basci Curbed Credit Boom - Bloomberg
