A contraction "larger than expected" of the Turkish economy



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And with passage Turkish currency In a crisis that lost 30% of its value last year, the economy grew by 2.6% in 2018, the weakest growth since 2009. The survey foresaw a growth of 2.55%.

The data showed Turkish Institute of Statistics GDP decreased 2.4% in the fourth quarter compared with the previous quarter.

The figures showed that Turkish economy Up 1.8% year-over-year in the third quarter, exceeding the initial estimate of 1.6%.

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As the Turkish currency lost 30% of its value last year, the economy grew 2.6% overall in 2018, the weakest growth since 2009. L & # 39; The survey projected a growth of 2.55%.

Data from the Turkish Institute of Statistics showed a contraction in GDP of 2.4% in the fourth quarter compared with the previous quarter.

The Turkish economy grew 1.8% year-on-year in the third quarter, exceeding the preliminary estimate of 1.6%, the figures showed.

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