Turkish economic growth slows to 1.6%

Turkey reported in December 2012 an annual growth rate of 1.6% in the third quarter of 2012.

An analyst wrote 'A range of factors is coming together to slow the Turkish economy pretty dramatically citing the global growth slowdown, the eurozone crisis, the doubling of Turkish interest rates during the year, the impact of civil war in Syria on Middle East trade routes and the perception of political risk within the country itself.

ESO: Background information: Turkey’s economy runs out of steam http://www.europeansources.info/record/turkeys-economy-runs-out-of-steam-2/

TurkStat: Press Release, 10.12.12: GDP, 3rd Quarter 2012 http://www.turkstat.gov.tr/PreHaberBultenleri.do?id=10955

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