Economics
Economists Raise Turkey's 2017 Growth Forecast to Record High
- Estimate of 4.1% is highest for year since survey began in ’15
- GDP grew 5% and beat all estimates in first quarter of 2017
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Turkey’s economy will expand more than previously expected in 2017, thanks to strong government and consumer spending, according to a new Bloomberg survey.
Economists boosted their forecasts for the sixth month in a row and expect gross domestic product to grow 4.1 percent this year compared with 3.9 percent previously. The economy grew 5 percent in the first quarter compared to a year earlier, beating all estimates, as the government rolled out record breaking stimulus measures to help growth.