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ANKARA
Türkiye’s economy rose 4% year-on-year in the first quarter of 2023, beating market forecast, according to data released on Wednesday.
Economists had expected Turkiye’s growth to be 3% on an annual basis in January-March.
The main reading followed a 3.5% annual growth in the final quarter of 2022.
Meanwhile, the GDP at current prices increased 84.4% to reach 4.63 trillion Turkish liras ($245.46 billion), Turkstat data showed.
On a quarterly basis, Turkish economy grew 0.3% in the January-March period, slowing from 0.9% in October-December 2022.
