By Gokhan Ergocun
ISTANBUL (AA) - The Turkish economy has grown by 2% year-on-year in the first quarter of this year, the Turkish Statistical Institute (TurkStat) announced on Friday.
Gross domestic product (GDP) at current prices soared 36.7% to 12.12 trillion Turkish liras ($335.5 billion) in January-March compared to the same period last year, TurkStat noted.
In the fourth quarter of 2024, the Turkish economy expanded by 3% year-on-year.
An Anadolu survey predicted last week that the GDP growth rate of the country would be 2.17%.
On a quarterly basis, Türkiye's GDP increased by 7% in the three months to March, down from 1.7% in the previous quarter.