A Reuters poll of economists showed, on Tuesday, that Turkey's economy likely jumped 21.7% in the second quarter, continuing its recovery from a sharp decline triggered by Corona restrictions. last year, which would bring full-year growth to 7.95%.
The expectations of 14 economists surveyed ranged between 18.1% and 24% for the second quarter, while expectations for the full year ranged between 4.6% and 9%.
Turkey's $270 billion economy grew 1.8% last year despite a 10.3% fall in the second quarter, ranking among a handful of economies around the world. that averted an annual contraction amid the repercussions of the pandemic.
Turkey's economy recorded strong growth of 7% in the first quarter of this year. It has grown 5% on average over the past two decades, but has fallen significantly from those levels in the past few years.
The Turkish Statistical Institute is expected to release GDP data for the second quarter on September 1.
