Turkish economic growth slows to 1.6%

Author (Person)
Series Title
Series Details 10.12.12
Publication Date 10/12/2012
Content Type

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.

Related Links
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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