Türkiye’s economy grows 3.2% bypassing expectations

Official data published on Friday showed that the Turkish economy grew three percent on an annual basis in the last quarter of last year, and grew 3.2 percent for the entire year with more than expectations.

The data of the Turkish Statistical Institute revealed the increase in GDP in the last quarter of 1.7 percent compared to the previous quarter on the basis of modification in light of seasonal factors and evaluation.

According to the data, the growth in the third quarter was modified by raising to 2.2 percent from 2.1 percent.

In a Reuters poll, the Turkish economy was expected to grow 2.6 percent on an annual basis in the last quarter, and three percent in 2024 as a whole.

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