Turkey’s economic growth improved slightly in the first quarter after easing in the previous quarter, data from the Turkish Statistical Institute showed Monday.

Gross domestic product grew 7.4 percent year-on-year, just above the 7.3 percent expansion seen in the fourth quarter.

Similarly, calendar adjusted GDP expanded 7.2 percent from last year versus 7.4 percent a quarter ago.

Seasonally and calendar adjusted gross domestic product increased by 2 percent compared with the previous quarter.

Another report from the Central Bank of the Republic of Turkey revealed that the current account deficit widened to $5.43 billion in April from $4.80 billion in March. The shortfall also increased from $3.7 billion a year earlier.

Source: (RTTNews)

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