
Macroeconomic indicators - Turkish economy emerges from recession
According to official data, Turkey emerged from a crippling recession as its economy grew by a strong 6.0% in the Q4.
The Turkish Statistical Institute said that the growth broke a slump that lasted Q4 and helped to reduce the economic contraction for 2009 to 4.7%. The government had projected 6% contraction for 2009.
The institute also revised contraction rates for the Q1, Q2 and Q3 from 14.7% to 14.5% from 7.9% to 7.7% and from 3.3% to 2.9%.
(Sourced from www.hurriyetdailynews.com)










