Türkiye's economy grows 7.6 pct in Q2

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Türkiye's economy grows 7.6 pct in Q2

STORY: Türkiye's economy grows 7.6 pct in Q2 DATELINE: Sept. 1, 2022 LENGTH: 0:00:56 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1 various of the port, seashore, market STORYLINE: According to the Turkish Statistical Institute on Wednesday, Türkiye's economy grew by 7.6 percent year on year in the second quarter. The country's GDP at current prices increased by 114.6 percent to 3.4 trillion Turkish liras (219.3 billion U.S. dollars) in the April-June period. Trade Minister Mehmet Mus tweeted that half of the growth stemmed from exports of goods and services. Household consumption surged by 22.5 percent compared with the same period last year, while the gross fixed capital formation increased 4.7 percent, and the government consumption spending 2.3 percent. The annual sectoral growth was 7.8 percent in industry and 18.1 percent in services in this period, but construction decreased 10.9 percent, and agriculture, forestry and fishing by 2.9 percent. With this growth, Türkiye became the second f

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