Turkish economy grows 1.8pc in 2020

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Ankara

Turkey’s economy expanded 1.8% year-on-year in 2020 amid economic fallout from the coronavirus pandemic, according to the country’s statistical authority on Monday.

The country’s gross domestic product (GDP) at current prices stood at 5.1 trillion Turkish liras (some $717.1 billion) last year, the Turkish Statistical Institute (TurkStat) said.

A panel of 21 economists polled by the Anadolu Agency on Friday had projected that the Turkish economy would grow 2.2% in 2020. In the last quarter of 2020, the economy posted an annual growth rate of 5.9%, TurkStat data showed.—AA

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