Economy
Survey expects 5% growth in Turkish economy in Q3
Economists' forecasts vary between 3.5% and 6.8% for July-September period
Murat Aslan |
26.11.2020 - Update : 26.11.2020
ISTANBUL
Turkey’s economy is projected to have expanded by 5% year-on-year in the third quarter of 2020, an Anadolu Agency survey found Thursday.
The country's statistical authority TurkStat will release gross domestic product (GDP) figures for the July-September period on Monday.
A group of 17 economists forecast an average of 5% positive growth year-on-year in the third quarter, hovering between 3.5% and 6.8%.
The economists also predicted that Turkey's annual GDP in 2020 would grow by 0.3% on average – the highest at 1%, the lowest at 0%.
The country's GDP expanded 4.5% in the first quarter of 2020 and narrowed by 9.9% in the second quarter, due to the pandemic's effects on the economy.
*Writing by Gokhan Ergocun
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