{"id":50197,"date":"2021-09-01T14:30:22","date_gmt":"2021-09-01T10:30:22","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=50197"},"modified":"2021-09-01T14:08:24","modified_gmt":"2021-09-01T10:08:24","slug":"turkeys-economy-grows-21-7-in-q2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkeys-economy-grows-21-7-in-q2\/09\/01\/market-updates\/","title":{"rendered":"Turkey&#8217;s Economy Grows 21.7% in Q2"},"content":{"rendered":"\n<p>The Turkish economy grew by 21.7% on an annual basis as expected in Q2, recovering strongly from a sharp slowdown a year ago driven by COVID-19 restrictions.<\/p>\n\n\n\n<p>Data from the Turkish Statistical Institute showed that the economy grew 0.9% from the previous quarter on an adjusted basis in light of seasonal and calendar factors.<\/p>\n\n\n\n<p>The lira rose to 8.30 per dollar after the data from the closing level at 8.32.<\/p>\n\n\n\n<p>The annual figure fully agreed with a Reuters poll for Q2. The poll also predicted growth of 7.95% for the whole year.<\/p>\n\n\n\n<p>Last year, the $720 billion economies grew 1.8% despite falling 10.4% in Q2 and was one of the few global economies that avoided an annual contraction amid the initial fallout from the pandemic.<\/p>\n\n\n\n<p>The growth in Q2 was led by the services sector by 45.8%, followed by the industrial sector by 40.5% and the information and services sector by 25.3%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish economy grew by 21.7% on an annual basis as expected in Q2, recovering strongly from a sharp slowdown a year ago driven by COVID-19 restrictions. Data from the Turkish Statistical Institute showed that the economy grew 0.9% from the previous quarter on an adjusted basis in light of seasonal and calendar factors. The &hellip;<\/p>\n","protected":false},"author":9,"featured_media":37851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7095],"class_list":["post-50197","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-turkey"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=50197"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50197\/revisions"}],"predecessor-version":[{"id":50198,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/50197\/revisions\/50198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37851"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=50197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=50197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=50197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}