Türkiye's economy grows 3.9 pct in Q3

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Türkiye's economy grows 3.9 pct in Q3

STORY: Türkiye's economy grows 3.9 pct in Q3 DATELINE: Dec. 1, 2022 LENGTH: 0:01:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of Türkiye 2. various of factories 3. various of dollars and lira STORYLINE: Türkiye's economy grew 3.9 percent year on year in the third quarter, expanding at the slowest rate since the second quarter of 2020, the Turkish Statistical Institute data announced on Wednesday. The limited growth in consumption compared to the second quarter and the slowdown in foreign demand contributed to the decrease in the growth rate. Gross domestic product (GDP) narrowed 0.1 percent from the previous quarter on a seasonally and calendar-adjusted basis, the data showed. Consumption expenditures of resident households increased by 19.9 percent as a chained volume index in the third quarter of the year compared to the same period of the previous year. While the final consumption expenditures of the government increased by 8.5 percent, the gross fixed capital formation decreased by 1.3

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