Turkish 2019 GDP Growth Rate Of 0.6% Expected
Faizan Hashmi 1 month ago Thu 27th February 2020 | 03:48 PM
The growth of the Turkish economy for 2019 is expected to come in at 0.6%, according to an Anadolu Agency survey on Thursday
ANKARA, (UrduPoint / Pakistan Point News - 27th Feb, 2020 ) :The growth of the Turkish economy for 2019 is expected to come in at 0.6%, according to an Anadolu Agency survey on Thursday. A panel of 17 economists projected the country's GDP rose 0.6% in 2019, varying between 0.2% and 0.9%.
Economists' forecast for the last quarter of 2019 was 5.1% on average, with the lowest figure at 4.2% and the highest at 6.1%.
After three weak quarters, the country's GDP posted 0.
9% growth rate in the third quarter of 2019. GDP figures for the last quarter and the whole year will be released next week by the country's statistical authority, TurkStat.
Meanwhile, Anadolu Agency's survey also forecast that the country's economy will grow by 3.9% in 2020, with predictions ranging between 2.5% and 5.2%.