Turkey Q2 GDP Grows 2.3 Percent Below Forecasts
Turkey expanded 2.3 percent year-on-year in the second quarter, missing expectations as growth slowed for the fourth consecutive quarter. Gross domestic product rose 1.1 percent from the previous quarter on a seasonally adjusted basis.
Turkey's economy expanded 2.3% year-on-year in the second quarter, missing analyst forecasts as growth slowed for the fourth consecutive quarter. Official data released on Monday showed the expansion fell short of the 2.9% estimate from a Reuters poll. The slower pace highlights ongoing cooling pressures across the broader economy.
