Turkish economy beats expectation, grows by 4 pct in Q1
ANKARA, May 31 (Xinhua) -- Turkey's economy outperformed market expectations, with a year-on-year growth of 4 percent in the first quarter, the Turkish Statistical Institute announced Wednesday.
This growth follows a 3.5 percent annual expansion in the final quarter of 2022. Economists surveyed by the Anadolu Agency had expected Türkiye's growth to be 3 percent on an annual basis in January-March.
Despite the negative impact of the massive Feb. 6 earthquakes, domestic demand played a significant role in achieving this growth.