Turkey’s economy to grow 7-7.5% in Q1 2018- economy officials

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ANKARA- Turkey’s economy will grow 7-7.5 percent in the first quarter of 2018, economy officials said on Monday, after gross domestic product surged 7.4 percent in last year.

“As the industrial output announced today showed, strong growth continues. When compared to the last quarter of last year, it seems there will be a similar rate of growth. Leading indicators show a 7-7.5 percent growth in the first quarter,” one of the officials said.

Turkey’s industrial production rose a calendar-adjusted 9.9 percent in February from the same period a year earlier, official data showed on Monday, marking the smallest increase in three months. 

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(Reporting by Nevzat Devranoglu and Orhan Coskun; Writing by Tuvan Gumrukcu; Editing by David Dolan) ((tuvan.gumrukcu@tr.com; +903122927021; Reuters Messaging: tuvan.gumrukcu.thomsonreuters.com@reuters.net))



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