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Turkey's economic rebound softened by soaring imports

Summary by AGBI

GDP rises by 3% in Q4 2024 January imports outpace exports Construction leads growth Turkey’s economy recovered in the fourth quarter of 2024 after two consecutive quarters of contraction. However, imports soared in January, boding ill for the trade balance, according to data released by state statistics agency Turkstat. Gross domestic product expanded 3 percent in three months to December 31, helping – when combined with expansion in the firs…

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Turkey's economic rebound softened by soaring imports

GDP rises by 3% in Q4 2024 January imports outpace exports Construction leads growth Turkey’s economy recovered in the fourth quarter of 2024 after two consecutive quarters of contraction. However, imports soared in January, boding ill for the trade balance, according to data released by state statistics agency Turkstat. Gross domestic product expanded 3 percent in three months to December 31, helping – when combined with expansion in the firs…

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AGBI broke the news in 4 days ago on Friday, February 28, 2025.

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