Economics
Turkey GDP Growth Above 5% Outdone by Only China, India in G-20
- GDP expanded 5.1% in second quarter; survey estimate was 5.3%
- Gross capital formation rose 9.5% in biggest jump since 2015
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Turkey maintained economic growth at levels exceeded only by China and India among G-20 economies, as a surge in construction buoyed output.
Gross domestic product expanded 5.1 percent during the April-to-June period from a year earlier, slightly lower than the median estimate of 5.3 percent in a Bloomberg survey. The economy grew 2.1 percent from the first quarter, exceeding economists’ 1.8 percent estimate.