Turkish economy grows 2.1% in Q3

ORTAKALAN

November 29, 2024

Türkiye's economy expanded at a less than expected pace in the third quarter, official data showed on Friday, as demand ebbed, especially in the services sector, under the weight of tight monetary policy

The July-September gross domestic product (GDP) grew by 2.1%, the Turkish Statistical Institute (TurkStat) said, compared to market expectations for a 2.6% expansion due to weaker domestic demand.

The major emerging market economy has cooled in the face of a monetary tightening campaign that began in June 2023. The central bank has login or sign up to read the complete news...