What crisis? Turkey's economy still expanding
Turkish economic growth beat expectations in the first quarter of this year by registering a 4.4 percent year-on-year growth in gross domestic product (GDP), government data said on Tuesday.
The growth in GDP was 1.7 percent in the first quarter over the previous quarter. A fast growth in exports accompanied by a solid domestic and an increase in public investments were the main drivers of the first quarter’s 4.3 percent growth in GDP.
The expansion in GDP was 4 percent for the entire 2013.
- Explain this, Mr. Erdogan: Israel-Turkey trade ties booming amidst Gaza crisis
- Kuwait: the GCC's underachiever?
- Liberalization under the auspices of the palace: migration reform in Morocco
- Why the Saudi middle class must be saved
- The 'Egyptian Dream': is sacrifice a necessary requirement for Egyptians to achieve a better standard of living?