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Turkey’s economic growth seen at 6% in Q2, over 5% by end-2017

Turkey’s economic growth seen at 6% in Q2, over 5% by end-2017

ANKARA: Turkey’s economic growth is expected to reach close to 6 percent in the second quarter of 2017, and exceed 5 percent by the end of the year, Turkish Industry Minister Faruk Ozlu told Reuters. “We expect growth of over 5 percent this year. There could also be strong growth in the second quarter, first indications lead us to this prediction. I expect close to 6 percent growth in the second quarter,” Ozlu said in an interview late on Thursday. Ozlu also said current interest rates were too high for the industrial sector to grow, adding that he expected a fall in the unemployment rate in July.