content tagged with economic growth

Turkey’s growth slows as increase expected in unemployment

Turkey’s growth slows as increase expected in unemployment

"The government's focus on taming inflation at the expense of wages and purchasing power has backfired," said DİSK-AR.

2 September 2024

Türkiye posts 7.6 percent economic growth in second quarter as labor share in GDP drops

Türkiye posts 7.6 percent economic growth in second quarter as labor share in GDP drops

Final consumption expenditure of resident households increased by 22.5 percent, while the labor share in the gross value added dropped by nearly six points compared to the first quarter.

Turkey's growth rate at lowest level in last four quarters

Turkey's growth rate at lowest level in last four quarters

The country's GDP increased by 7.3 percent to 179.8 billion US dollars in the first quarter of 2022.

‘Only 1 out of 6 jobseekers could find a job in Turkey in July’

CHAMBER OF MECHANICAL ENGINEERS

‘Only 1 out of 6 jobseekers could find a job in Turkey in July’

The TMMOB Chamber of Mechanical Engineers has released its 73rd bulletin on the problems of the industry in Turkey. The bulletin has dealt with the “effect of economic growth on labor force, distribution of income and employment.”

16 September 2021

‘61,736 shopkeepers went bankrupt in Turkey in the first eight months of 2021’

CHP’S AĞBABA

‘61,736 shopkeepers went bankrupt in Turkey in the first eight months of 2021’

Main opposition CHP Vice Chair and Malatya MP Veli Ağbaba says that the state agency TurkStat statistics on 21.7-percent economic growth does not reflect the truth, raising concerns about the shopkeepers and companies that have gone bankrupt.

13 September 2021

‘21-percent growth has apparently not affected citizens on back-to-school shopping’

MAIN OPPOSITION CHP

‘21-percent growth has apparently not affected citizens on back-to-school shopping’

Visiting the shops in their electoral districts on the first day of in-class education in Turkey, CHP MPs Utku Çakırözer and Ömer Fethi Gürer have underlined that citizens mostly complain about the economic crisis and price increases.

7 September 2021

TurkStat: Turkey's economy grew by 1.8 percent in 2020

TurkStat: Turkey's economy grew by 1.8 percent in 2020

The country's GDP grew by 5.9 percent in the last quarter of 2020, according to the TurkStat.

Moody’s revises up Turkey's economic growth forecast

Moody’s revises up Turkey's economic growth forecast

Moody's has revised Turkey's growth rates for 2020 and 2021 from minus 5 percent to 1.1 percent and from 3.5 percent to 4 percent, respectively.

25 February 2021

Turkey’s economy shrinks by 9.9 percent in the second quarter

Turkey’s economy shrinks by 9.9 percent in the second quarter

While Turkey’s economy grew by 4.4 percent in the first quarter 2020, it has shrunk by 9.9 percent in the second quarter, according to the TurkStat. The value added has decreased by 25 percent in services and 16.5 percent in industry.

Turkey's Economy Grows 4.5 Percent in First Quarter

Turkey's Economy Grows 4.5 Percent in First Quarter

The negative impact of the coronavirus pandemic was limited on the growth as the first case was confirmed in Turkey on March 11.

Turkey’s Economy Grows by 0.9 Percent in 3rd Quarter, Says TurkStat

Turkey’s Economy Grows by 0.9 Percent in 3rd Quarter, Says TurkStat

According to the Quarterly Gross Domestic Product (GDP) announced by the TurkStat, the economy of Turkey expanded by 0.9 percent in the third quarter of 2019. The GDP has increased by 11.5 percent, reaching 1 trillion 145 million 99 million TRY.

2 December 2019

Turkey’s Economy Shrinks by 2.6 Percent in First Quarter of 2019

Turkey’s Economy Shrinks by 2.6 Percent in First Quarter of 2019

According to the economic growth figures announced by the Turkish Statistical Institute (TurkStat), Turkey’s economy has shrunk by 2.6 percent in the first three months of 2019. The construction sector has shrunk by 10.9 percent in this period.

Economy of Turkey Grows by 7.4 Percent in First Quarter; Current Account Deficit Exceeds Expectations

Economy of Turkey Grows by 7.4 Percent in First Quarter; Current Account Deficit Exceeds Expectations

While the economy of Turkey has grown by 7.4 percent in the first quarter of 2018, the current account deficit in April 2018 has exceeded expectations.

Erdoğan: ‘They Cannot Discipline Us Through Foreign Exchange’

Erdoğan: ‘They Cannot Discipline Us Through Foreign Exchange’

President Erdoğan has addressed the recent problems in foreign exchange rates and said that the economic growth is on a good track. He has also added that since their achievements make “some people” jealous, they are advancing upon them through economy.

IMF Warns Turkey: Growth to Decelerate

IMF Warns Turkey: Growth to Decelerate

The IMF in its “Regional Economic Outlook” report has underlined the high inflation and current deficit rates in Turkey. The report foresees that the economic growth slowing down will fall to 3.5%.

13 November 2017