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Financial News: Turkey's GDP Growth Moderates In Q4

Turkey's GDP Growth Moderates In Q4

03/29/2018 - 03:23:00 (RTTNews)

(RTTNews) - Turkey's economic growth moderated in the fourth quarter, the Turkish Statistical Institute showed Thursday.

Gross domestic product grew 7.3 percent year-on-year, slower than the 11.3 percent expansion seen in the third quarter.

Similarly, calendar adjusted GDP expanded 7.4 percent from the last year versus 9.7 percent a quarter ago.

Quarter-on-quarter, GDP climbed at a faster pace of 1.8 percent after gaining 1.3 percent.

In 2017 as a whole, the economy grew 7.4 percent, which was much faster than the 3.2 percent posted in 2016.

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