Turkey's economy gets US$140b boost from new accounting methods
Revised 2015 GDP data makes Turkey the 17th largest economy worldwide
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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 of eye-popping revisions. Where last year's GDP had been reported at US$720 billion, the updated arithmetic shows it to have been US$862 billion, pushing Turkey past the Netherlands to take its place as the 17th largest economy worldwide.
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