Turkey GDP growth 2.1% in Q3, lower than forecast By Reuters

ISTANBUL (Reuters) – Turkey’s financial system grew lower than anticipated within the third quarter, increasing at an annual 2.1% charge, official information confirmed on Friday.

Third-quarter gross home product (GDP) dipped 0.2% from the earlier quarter on a seasonally and calendar-adjusted foundation, Turkish Statistical Institute (TUIK) information confirmed.

Progress within the second quarter was revised right down to 2.4% from 2.5%, the information additionally confirmed.

In a Reuters ballot, the financial system was forecast to have expanded 2.6% within the third quarter resulting from slower home demand and the burden of tighter financial insurance policies.

(This story has been corrected to point out that the expansion dipped, not grew, from the earlier quarter, in paragraph 2)