Turkey: GDP down 1.8 pct in 3rd quarter

By Bahattin Gonultas

ANKARA

Turkey's economy contracted 1.8 percent year-on-year in the third quarter of 2016, the Turkish Statistical Institute reported on Monday.

This followed growth of 3.1 percent in the second quarter of the year, according to official data

Monday’s figure exceeded analyst consensus estimates of minus 0.15 percent.

More information to follow.