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Turkish GDP rises 2.3 percent in third quarter

Thu, 31 Dec 2009 21:29:00
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Hurriyet English

Turkey’s economy grew a seasonally adjusted 2.3 percent in the third quarter from the previous three months, the second consecutive increase, said the Turkish Statistical Institute, or TurkStat.

On an annual basis, GDP contracted 3.6 percent in the third quarter when adjusted for the number of working days, the office said Thursday in a statement on its Web site. It had reported an unadjusted 3.3 percent shrinkage on Dec. 10.

It was the second time the Ankara-based office has released seasonally adjusted gross domestic product figures, which were prepared as part of a program to harmonize Turkish data with the European Union. The economy grew 7.1 percent in the second quarter from the previous three months, the agency said on Sept. 30.


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