Turkey’s Economy Expands More Than Forecast in Second Quarter
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Turkey’s economy expanded more than estimated in the second quarter as public spending surged and household consumption remained strong.
Gross domestic product expanded 3.8 percent in the April-to-June period, compared with a revised 2.5 percent in the previous quarter, the statistics agency said on Thursday. That compared with a median estimate of 3.1 percent in a Bloomberg survey of 16 analysts. Seasonally-adjusted output rose 1.3 percent from the previous quarter.