Turkey's GDP growth continues to slow in Q4
2013-04-01 16:27:08
Turkey's economic growth continued to ease in the fourth quarter, data from the Turkish Statistical Institute showed Monday.
Gross domestic product grew 1.4 percent sequentially in the fourth quarter, down from 1.6 percent in the third quarter and 2.9 percent growth seen in the second quarter.
On a yearly basis, the economy grew 7.4 percent in the fourth quarter compared to 7.2 percent expansion in the third quarter.
Calendar adjusted GDP advanced 1.4 percent from the year ago, while seasonally and calendar adjusted GDP remained flat quarter-on-quarter, it said.