Tuesday, 13 December 2011NEW YORK (A.A) - American newspaper The Wall Street Journal (WSJ) said that Turkish economy expanded 8.2% in the third quarter, smashing economists' expectations and underscoring its reputation as Eurasia's rising tiger.
A news story on the website of WSJ said, "Monday's official growth figure, compared with the same period a year earlier, dramatically exceeded market forecasts of a 6.6% gain and followed an 8.8% expansion in the second quarter. Turkey's rapid growth momentum comes at a time when many of Ankara's neighbors in the Middle East and Europe are struggling with political turmoil and bailouts."
Economists speaking to the WSJ said, "Turkish economy was unstoppable ... importantly, seasonally adjusted sequential quarterly growth in the third quarter was 1.7%, which was a surprise to us and probably to market players, since we have expected a very mild increase." |
Tuesday, 13 December 2011
Anadolu Agency
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