Turkey’s economy grows 2.8 pct in q2 2014

Turkish economists say the country's economy grew by 2.8 per cent in the second quarter of 2014, according to 25 specialists in Anadolu Agency's (AA) 'Growth Expectation Survey.  The highest economic growth percentage predicted among the economists for Q2 2014 was 4.1 per cent while the lowest was two per cent. The survey said economists expected a 3.2 per cent year-end growth in 2014, which was at four per cent in 2013. The highest expectation by economists for year-end growth in 2014 was 3.8 per cent, while the lowest was 2.5 per cent. According to latest data from Turk-Stat, Turkey's growth rate was 4.3 per cent in the first quarter of 2014. Turkish GDP is estimated to have increased by four per cent in 2013, compared with 2.1 per cent in 2012. Its growth rate was at 4.5 per cent in the second quarter of 2013, according to dailysabah.com