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GDP growth rate exceeding expectations in 2nd quarter
The Turkish economy has grown by 4.8% year-on-year in the second quarter of this year, exceeding expectations.
Gross domestic product (GDP) at current prices soared 43.7% to 14.62 trillion Turkish liras ($377.6 billion) in April-June, the Turkish Statistical Institute announced on Monday.
In the first quarter of 2024, the Turkish economy expanded by 2% year-on-year.
Last week, economists participating in the survey by Anadolu predicted that the GDP growth rate of the country would be 3.87%.
On a quarterly basis, Türkiye's GDP increased by 1.6% in the three months to June, down from 1.7% in the previous quarter.
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