Turkey's Economy Expands Less Than Projected in First Quarter
Turkey's economy expanded less than projected in the first quarter despite a brief period of interest-rate cuts.
Gross domestic product expanded 1% in the January-to-March period in seasonally and working-day adjusted terms, according to data published by the state statistics office on Friday. That's less than 1.7% in the previous quarter and worse than the median forecast of 1.2% in a Bloomberg survey of economists.
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