Turkish 2019 GDP Growth Rate Of 0.6% Expected
Faizan Hashmi Published February 27, 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%.
The Turkish economy grew by 7.4% in 2018, while it narrowed by 2.8% in the last quarter of 2018. It continued to shrink in the first two quarters of 2019 by 2.8% and 2.3%, respectively.
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%.
Turkey's New Economic Program, announced last September, targets growth of 0.5% in 2019 and 5% in the following three years.
Several international institutions, such as the IMF and the Organization for Economic Cooperation and Development (OECD), expect positive growth of Turkey's GDP in 2019 and thereafter.
Recent Stories
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
More Stories From Business
-
Govt likely to hike electricity price once again
7 minutes ago -
Mining giant BHP launches bid to take over rival Anglo American
26 minutes ago -
Gold rates up by Rs500 per tola to Rs242,500
2 hours ago -
Tokyo stocks end lower after Meta results
2 hours ago -
EXCHANGE RATES FOR CURRENCY NOTES
3 hours ago -
Foreign exchange rates
4 hours ago
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
5 hours ago -
Today Gold Rate in Pakistan 25 April 2024
5 hours ago -
Meta profits soar but costs of AI cause worry
6 hours ago -
Mired in crisis, Boeing reports another loss
15 hours ago -
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
15 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
15 hours ago