Turkish economy begins to slow down; current account deficit likely to widen this year
Monday, June 20, 2016 11:14 AM UTC
The Turkish economy is starting to slow down, based on certain signs. The Turkish economy grew 4.8 percent year-on-year in the first quarter of this year, as compared with the previous quarter’s 5.7 percent growth. On a sequential basis, the Turkish GDP grew 0.8 percent in the first quarter of 2016, a slowdown from the last quarter of 2015’s 1.2 percent. The year-on-year print for the first quarter came in above consensus projections of 4.4 percent year-on-year as private consumption and industrial production continued to grow.
More:Turkish economy begins to slow down current account deficit likely to widen this year - EconoTimes