Turkey’s economy expands by 4.3%

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Turkeyflag Reuters

Istanbul - Turkey's gross domestic product (GDP) grew by 4.3 per cent in the first quarter, the Turkish Statistical Institute reported on Tuesday, thanks to exports and government spending.

Exports of goods and services increased by 11.4 per cent, while public spending was up 8.6 per cent.

The central bank said this month it sees inflation as having peaked for this year at 9.66 per cent, a level reached last month, and now forecasts a downward trend.

The bank and the Finance Ministry expect GDP to grow at around 4 per cent this year. - Sapa-dpa



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