Turkish Economy Outperformed China, India in 2017
- GDP expanded 7.4% last year, and 7.3% in fourth quarter
- IMF has warned of imbalances due to strong demand, oil prices
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Turkey’s economy expanded faster than China and India last year thanks to a surge in spending both by households and the government.
Gross domestic product rose 7.4 percent in 2017, with fourth-quarter output up 7.3 percent, Turkstat reported Thursday, beating the median 6.7 percent estimate in a Bloomberg survey. Seasonally adjusted output rose 1.8 percent from the previous three-month period, also beating estimates.