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He confirmed Institute of Turkish StatisticsThursday, falling for the fifth month in a row as the economy enters recession, according to the agency "Reuters".
According to a Reuters poll, the adjusted industrial production figure is expected to fall by 7.55% year-on-year.
According to the Turkish Institute of Statistics, industrial production rose 1% in January compared to the previous month, in light of calendar and seasonal factors.
Government data, reported two days ago, according to which Turkish economy Shrank 3% YoY in the fourth quarter of 2018, compared to a contraction of 2.7% predicted by another Reuters poll.
And with passage Turkish lira In a crisis that lost 30% of its value last year, the economy grew by 2.6% in 2018, the lowest growth since 2009.
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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The Statistics Institute of Turkey announced Thursday a decline for the fifth consecutive month as the economy slid into recession, according to Reuters.
According to a Reuters poll, the adjusted industrial production figure is expected to fall by 7.55% year-on-year.
According to the Turkish Institute of Statistics, industrial production rose 1% in January compared to the previous month, in light of calendar and seasonal factors.
According to government data, two days ago, Turkey's economy was down 3% from the fourth quarter of 2018, compared with a contraction of 2.7% forecast by another survey.
The Turkish lira lost 30% of its value last year, the economy grew by 2.6% in 2018, the lowest growth since 2009.
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.
