Turkish economy grows 4.5% in 2023 as it expands by 4.0% in Q4

Türkiye’s economic system grew by a larger-than-expected 4.5% in 2023, official information confirmed Thursday, because it expanded by 4.0% within the closing quarter of yr.

The estimates for the expansion ranged from 4.3%, in keeping with the Reuters median, and 4.4% by a survey carried out by Anadolu Agency (AA). The authorities’s medium-term program had a forecast of 4.4%.

The economic system expanded by a more-than-expected 5.9% within the third quarter, pushed primarily by strong family spending.

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