Turkey's economy grows 2.8 pct in Q2 2014: Economists

Turkish economists say the country's economy grew by 2.8 percent in the second quarter of 2014, according to 25 specialists in Anadolu Agency's (AA) 'Growth Expectation Survey' released on Friday. The highest economic growth percentage predicted among the economists for Q2 2014 was 4.1 percent while the lowest was two percent.

The survey said economists expected a 3.2 percent year-end growth in 2014, which was at four percent in 2013. The highest expectation by economists for year-end growth in 2014 was 3.8 percent, while the lowest was 2.5 percent.

According to latest data from Turk-Stat, Turkey's growth rate was 4.3 percent in the first quarter of 2014. Turkish GDP is estimated to have increased by four percent in 2013, compared with 2.1 percent in 2012. Its growth rate was at 4.5 percent in the second quarter of 2013.
Turkey's medium-term economic program from the treasury said the country's official figures for the growth rate would be 3.6 percent in 2013 and four percent this year. In June, the World Bank lifted Turkey's growth forecast from 2.4 percent to 3.5 percent for 2014, citing the country's rising exports and domestic demand.