THE ECONOMY RECOVERING FAST
Date : 11.09.2017
Source : Akşam
Translation Method : Summary Translation
Source of Image : AA

According to the figures revised after the July 15 coup attempt, the Turkish economy, which contracted 0.8 percent in the third quarter of 2016, continued its growth trend in 2017, which started with 4.2 percent in the final quarter of the last year.

The Turkish economy settled on a growth rate of 5 percent, quickly surpassing the effects of the coup attempt on 15 July 2016 by the Fetullahist Terrorist Organization (FETO).

According to the recent statistics released by the Turkish Statistical Institute, the country's economy survived the impact of the coup attempt and maintained its growth trend, which began in the last quarter of 2016.

In this context, the economy grew by 5.2 percent in the first quarter of this year and grew by 5.1 percent in the second quarter. Thus, the economy, which stood at a high growth rate with 5 percent compared to most European countries, has also surpassed growth figures before the coup attempt.

Yıldırım Beyazıt University Faculty of Political Sciences Professor Dr. Erdal Tanas Karagöl noted that projects realized in fields such as reform studies, infrastructure, energy have made an opportunity for Turkey's growth potential.

Karagöl underlined that, according to recent figures, Turkey is the fastest growing economy among the G-20 countries besides China and India.