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Monday, December 13, 2010

Burnt by the winter sun

"Burnt by the winter sun

EMRE DELİVELİ

emre.deliveli@gmail.com

Did the cold front sweeping through Turkey hit third quarter Gross Domestic Product, or GDP, numbers first?

According to data released by the Turkish Statistical Institute Friday, GDP grew 5.5 percent year-on-year, or YoY, in the third quarter, versus expectations of 6.5 percent. But the economy still managed to grow 1.1 percent, seasonally and working-day adjusted, from the last quarter, so I think this is still quite a good reading. It seems that the cold front has actually passed tangent to the economy, to quote the Prime Minister."

More:Burnt by the winter sun - Hurriyet Daily News and Economic Review