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2020 figures send positive signals for country’s future, says head of business association Gökhan Ergöçün | 02.03.2021
ISTANBUL
Members of Turkey’s business community hailed the country’s economic performance based on its gross domestic product (GDP) growth rate last year according to data released Monday by the country s statistical authority.
Turkey s economy expanded 1.8% year-on-year in 2020 despite the economic fallout from the coronavirus pandemic, said the Turkish Statistical Institute (TurkStat).
The country s GDP at current prices stood at 5.1 trillion Turkish liras (some $717.1 billion) last year, said TurkStat.
In the last quarter of 2020, the economy posted an annual growth rate of 5.9%.