Turkey’s economic growth fizzles
Turkey’s second-quarter growth rate came as a big disappointment to Ankara, hushing boastful ministers who had bragged of outperforming European economies. When gross domestic product (GDP) was reported to have grown 4.7% in the first quarter, Economy Minister Nihat Zeybekci declared on television, “We’ve grown faster than 33 European countries. Any slowdown in the coming quarters is out of the question.”
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