Turkey's economic growth accelerated to 3 percent year-on-year in the first quarter from 1.4 percent a quarter ago, the Turkish Statistical Institute reported Tuesday. The expansion rate exceeded the 2.3 percent rise forecast by economists.
At current prices, calender adjusted gross domestic product grew 3.7 percent from a year ago and seasonally and calendar adjusted GDP gained 1.6 percent from the prior quarter.
Elsewhere, data from the central bank showed that the current account deficit widened sharply to $8.17 billion in April from $5.5 billion in March. The deficit figure matched economists' expectations.
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.