The Turkish economy grew at a faster-than-expected pace in the second quarter thanks to soaring domestic demand and increasing public spending, but ministers are continuing to issue cautious statements.
The country’s gross domestic product (GDP) expanded by 4.4 percent in the second quarter compared to the same period last year, up from 2.9 percent the previous quarter, according to data announced by the Turkish Statistical Institute (TÜİK).
The average of data estimations predicting the figures had come in at around 3.5 percent, while even the most optimistic estimations came in at around 4.2 percent, with few expecting the country to post such a high growth rate.
Read more here from the original article posted at Hurriyet.