Posts Tagged Minimum Wage
Q1 2016 GDP Growth: Stronger but Iffy

Q1 2016 GDP Growth: Stronger but Iffy

Turkish economy grew by 4.8% in Q1 2015, above the consensus and our expectations of 4.4%. In seasonally adjusted terms, the economy expanded by 3% q/q. Household consumption expenditures, which generates two thirds of the GDP, continued to improve and posted a growth rate of 6.9% y/y. By this, the contribution of the biggest component of growth to the economy became 4.8%, in other words, it was all about domestic demand again. 120 bps of contribution to the...

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