Wednesday 11 September 2013

Saudi Gazette - Turkish economy grows 4.4% in second quarter

Saudi Gazette - Turkish economy grows 4.4% in second quarter:

"Turkey’s economy expanded by a stronger than expected 4.4 percent on an annual comparison in the second quarter, statistics showed Tuesday.

Growth accelerated from a 2.9 percent rate in the first quarter, the national statistics agency said.

In calendar and seasonally adjusted terms, the economy grew by 2.1 percent from the previous quarter.

The data was welcome news as Turkey has been buffeted by the turmoil that has hit emerging markets in recent weeks as many investors pull out funds in anticipation of a withdrawal of US monetary stimulus."

'via Blog this'

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