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Turkey's economy gets US$140b boost from new accounting methods

Revised 2015 GDP data makes Turkey the 17th largest economy worldwide
Wednesday, December 14, 2016 - 05:50

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The new calculations push the nation's average growth rate of the last five years to 7.1 per cent, from 4.4 per cent before. That means that since 2010, Turkey's economy has grown faster than India's.

Istanbul

WHERE reforms and a series of interest rate cuts failed, new accounting methods have succeeded in delivering a US$140 billion boost to Turkey's economy.

That's how many economists are interpreting Monday's gross domestic product data, whose methodology is prompting a host

sentifi.com

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