(ECO) TURKISH ECONOMY SHRINKS BY 7 PC IN Q2.ANKARA, Sep 10, 2009 (TUR) -- Turkish economy shrank by 7 pc in second quarter of 2009 in constant prices, showed figures by Turkey's statistic agency TUIK TUIK Türkiye Istatistik Kurumu (Turkey) . TUIK made public on Thursday the gross domestic product figures for Q2 of 2009. Turkey's Q2 GDP GDP (guanosine diphosphate): see guanine. was realised as 23,513 million Turkish liras (1 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. equals 1.49 TL) in constant prices, marking a 7 pc a year-on-year decline. Q2 GDP in current prices decreased by 4.4 pc and was realised as 228,817 million Turkish liras. Turkey's GDP in the Q1 of 2009 was realised as 21,145 million Turkish liras, and the economy shrank by 13.8 percent in the same period. Turkey's government had initially projected an economic growth rate of 4 percent for 2009 but revised it later as 3.6 percent of contraction. (THROUGH ASIA Asia (ā`zhə), the world's largest continent, 17,139,000 sq mi (44,390,000 sq km), with about 3.3 billion people, nearly three fifths of the world's total population. PULSE) |
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