Turkish GDP at about $750 bln

Turkish GDP at about $750 bln

Bloomberg
Turkish GDP at about $750 bln

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Economic output at the end of 2007 was about $660 billion and the global credit crisis slowed growth to 0.5 percent in the third quarter of 2008, the most sluggish in more than six years, according to the Turkish Statistical Agency, or TÜİK, in Ankara. Industrial output declined an average of 12.6 percent in the last three months of the year.

Erdoğan, who announced the figures in a televised speech to his party’s lawmakers in Ankara yesterday, gave no details on the report. TÜİK will announce full-year GDP figures for 2008 on March 31.