The Turkish economy grew 6 percent year-on-year in the fourth quarter and nearly 1 percent in 2019 as a whole, data showed Friday, beating expectations with a strong rebound from the recession as it shakes off the effects of the 2018 currency crisis, according to Reuters.
The data indicated a sharp turnaround for the emerging market economy, which has a track record in the past two decades of about 5 percent growth but has been hit by a nearly 40 percent slide in the lira’s value since the beginning of 2018.
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