Monday, July 2, 2007

Turkish Economic Growth Accelerated More Than Forecast in First Quarter

(Bloomberg) -- Turkey's economic growth accelerated in
the first three months as record exports to the European Union and
increased government spending drove the 21st consecutive quarter
of expansion.

Gross domestic product in the EU candidate expanded an annual
6.8 percent, compared with 5.2 percent in the previous three
months, the state statistics office in Ankara said today. The
economy had been expected to grow by 5.8 percent, according to the
median estimate of 10 economists surveyed by Bloomberg.


Read more at Bloomberg Emerging Markets News

No comments: