Arab Today, arab today turkey economy grew robust 4 in 2015 despite crises
Last Updated : GMT 05:41:04
Arab Today, arab today
Arab Today, arab today

Turkey economy grew robust 4% in 2015 despite crises

Arab Today, arab today

Arab Today, arab today Turkey economy grew robust 4% in 2015 despite crises

Turkey's economy grew 5.7 percent in the last three months of 2015
Istanbul - AFP

Turkey's gross domestic product (GDP) grew 4.0 percent in 2015 from a year earlier, the statistics office said Thursday, beating expectations and helped by an unexpectedly robust fourth quarter.

The economy grew 5.7 percent in the last three months from the same period a year earlier, the office said in a statement, well above the market consensus.

The full-year growth figure was well above the 2.9-percent reading in 2014.

The figures are a boost for the government of President Recep Tayyip Erdogan at time when Turkey has been rocked by a series of militant attacks which are hurting its key tourist industry.

There have also been concerns over the consistency of economic policy under Erdogan and the economic fallout from a row with Russia after the shooting down of a Russian warplane on November 24.

The reading of 5.7 percent growth in the fourth quarter was by far the best of 2015 with 3.9 percent growth recorded in the third quarter.

"The economy continued to grow in the last quarter despite political uncertainty, tension with Russia, and rising terrorism," said Ozgur Altug, chief economist at BGC Partners in Istanbul.
"The figures confirmed the Turkish economy’s resilience to shocks," he added.

The economic prospects for 2016 could be less certain, with tourism taking a heavy blow after a sequence of suicide attacks in Istanbul and Ankara this year blamed on jihadists and Kurdish militants.

The number of foreigners entering Turkey fell 10.32 percent in February, the Ministry of Culture and Tourism said Tuesday.

Meanwhile, investors are also concerned over stubbornly high inflation -- 8.8 percent in February -- and uncertainty over the figure of monetary policy when respected governor Erdem Basci's mandate expires next month.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey economy grew robust 4 in 2015 despite crises Arab Today, arab today turkey economy grew robust 4 in 2015 despite crises

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today turkey economy grew robust 4 in 2015 despite crises Arab Today, arab today turkey economy grew robust 4 in 2015 despite crises

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday