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MarketsDaily » Erdogan http://www.marketsdaily.com Forex Trading News & Market Analysis Wed, 10 Apr 2019 11:59:30 +0000 en-US hourly 1 https://wordpress.org/?v=4.1.40 Turkey’s GDP Relapse for First Time After 7 Years http://www.marketsdaily.com/turkeys-gdp-relapse-first-time-7-years-12-12-2016/ http://www.marketsdaily.com/turkeys-gdp-relapse-first-time-7-years-12-12-2016/#comments Mon, 12 Dec 2016 19:03:21 +0000 http://www.marketsdaily.com/?p=3548 Turkey’s GDP Relapse for First Time After 7 Years

turkey_301115

Turkey’s third-quarter GDP has shrunk 1.8 per cent — its first year on year decline since 2009 — confirming a deterioration in the country’s consumption-driven economy as its currency falls, inflation remains stubbornly high and citizens pull back on spending.

Gross domestic product in July through September shrunk by 1.8% annually, sinking deeper into negative territory than a 0.4% drop forecast by economists survey and reversing Turkey’s resilient growth record since its latest decline in the third quarter of 2009.…

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Turkey’s GDP Relapse for First Time After 7 Years

Turkey’s third-quarter GDP has shrunk 1.8 per cent — its first year on year decline since 2009 — confirming a deterioration in the country’s consumption-driven economy as its currency falls, inflation remains stubbornly high and citizens pull back on spending.

Gross domestic product in July through September shrunk by 1.8% annually, sinking deeper into negative territory than a 0.4% drop forecast by economists survey and reversing Turkey’s resilient growth record since its latest decline in the third quarter of 2009.…

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