The Turkish economy grew 4% in Q1

Official data showed on Wednesday that the Turkish economy grew by 4 percent in the first quarter of this year, slightly exceeding expectations.

The growth came despite the repercussions of the devastating earthquakes that hit the south of the country in February.

Data from the Turkish Statistical Institute showed that the gross domestic product for the first quarter increased 0.3 percent from the previous quarter on a seasonally adjusted basis and according to calendar considerations.

A Reuters poll predicted the economy would grow 3.9 percent in the first quarter. The poll also predicted a growth of 2.8 percent for the whole of 2023.