The latest economic data shows that Turkey's Gross Domestic Product (GDP) growth rate has slowed to 4% in the fourth quarter of 2023. This marks a decrease from the previous quarter's growth rate of 5.9% in the third quarter of the same year. The information, updated on 29th February 2024, indicates a Year-over-Year comparison, reflecting a change in economic performance for the same period a year ago.
The decline in Turkey's GDP growth suggests a potential moderation in economic activity during the last quarter of 2023. Analysts are closely monitoring this development as the country navigates through various economic challenges and uncertainties. The updated figures provide valuable insights into the country's economic performance and will be crucial in understanding the broader implications for Turkey's financial markets and policies moving forward.
