Fog blankets Seydisehir town as two hikers are seen on the top of Kupe mountain in Konya, Turkey on December 25, 2015.
ECONOMY, TURKEY, WORLD2011 09 12
Turkish economy grows 8.8% in Q2
Turkey grew 8.8 percent in the second quarter of 2011 compared with the same period of the last year, the Turkish Statistics Institute (TurkStat), announced on Monday.
According to the TurkStat figures, Turkish economy became the second fastest growing economy in the world after China, which recorded a growth of 9.5 percent.
Growth projections were around 7-7.5 percent for the second quarter.
Data released by the TurkStat show that Turkey’s Gross Domestic Product (GDP) in current prices was up 19.2 percent to 318.4 billion liras ($176.8 billion) year-on-year in the April-June period of 2011 while GDP in constant prices grew 8.8 percent to 27.9 billion TL ($15.5 billion).
In the first quarter of 2011, Turkey grew 11 percent, outpacing even China to become the world’s fastest growing economy.
With these figures, Turkey has become the fastest growing economy in Europe ahead of Estonia, which expanded 8.4 percent in the second quarter.
A man takes a selfie as water sprayed meters into the air, freezing to form icicles after the freezing cold in the neighborhood of Muradiye led to the explosion of a water pipeline at the Sarimehmet Dam in Van, Turkey on December 25, 2015.
A man walks on snow passing by trees of which the branches got frozen Bitlis province of Turkey on December 22, 2015.
A handout picture made available by SpaceX on 22 December 2015 shows SpaceX's Falcon 9 rocket successfully landing upright at Cape Canaveral Air Force Station, Florida, on 21 December 2015. Private space flight company SpaceX successfully returned a rocket to Earth following a satellite launch on 21 December after two earlier attempts failed.
Project to generate $4 billion in exports, Turkish ambassador to Uganda says.
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Record Growth in Technology Sector
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