Turkey's economy predicted to grow 21.8% in Q2
The Turkish Statistical Institute (TurkStat) will release gross domestic product (GDP) figures for the April-June period on Wednesday.
- Türkiye
- Anadolu Agency
- Published Date: 04:48 | 31 August 2021
- Modified Date: 04:48 | 31 August 2021
Turkey's economy is forecast to grow 21.8% year-on-year in the second quarter of 2021, an Anadolu Agency survey revealed on Tuesday.
The Turkish Statistical Institute (TurkStat) will release gross domestic product (GDP) figures for the April-June period on Wednesday.
A group of 16 economists expected an average of 21.8% growth year-on-year in the second quarter, hovering between 19% and 24%.
The economists also predicted that Turkey's annual GDP in 2021 would grow by 8.1% on average-the highest at 6.7% and the lowest at 9.5%.
The country's GDP grew by 7% in the first quarter this year.
Amid the coronavirus pandemic, Turkey was one of the rare countries where negative growth did not occur and its economy grew by 1.8% in 2020.