Turkey’s economy showed a marked deceleration in the second quarter of 2024, with Gross Domestic Product (GDP) growth dropping to 2.5%. This represents a stark decline from the first quarter of 2024, where GDP growth was recorded at 5.7%, according to the latest data released on September 2, 2024.The current indicator’s significant slowdown has raised concerns among economists and policymakers. Year-over-Year comparisons illustrate this stark change, showcasing the economic challenges Turkey faces amid fluctuating market conditions and potential external and internal economic pressures.While the first quarter’s comparative Year-over-Year GDP growth rate painted a more optimistic outlook, the recent numbers emphasize the need for strategic economic policy adjustments to reignite growth and stabilize the economic trajectory for the remainder of 2024.The material has been provided by InstaForex Company – www.instaforex.com
- Taiwan Shares Tipped To Open To The Upside - September 15, 2024
- Singapore Bourse Poised To Add To Its Winnings - September 15, 2024
- South Korea Trade Data Due On Monday - September 15, 2024
