{"id":109147,"date":"2025-08-31T04:37:07","date_gmt":"2025-08-31T04:37:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/109147\/"},"modified":"2025-08-31T04:37:07","modified_gmt":"2025-08-31T04:37:07","slug":"turkish-second-quarter-economic-growth-expected-at-4-1","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/109147\/","title":{"rendered":"Turkish second-quarter economic growth expected at 4.1%"},"content":{"rendered":"<p>                            <img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/08\/Turkey.png\" alt=\"Turkish second-quarter economic growth expected at 4.1%\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/08\/Turkey.png\"\/><\/p>\n<p>Turkey\u2019s economy is expected to have grown by 4.1% in the second quarter and to grow by 2.9% for 2025 as a whole, well lower than government forecasts, a Reuters poll showed on Friday.<\/p>\n<p>The big emerging market economy expanded by 2% in the first quarter and 3.2% in 2024 a whole. The lower full-year growth estimate reflects the effects of monetary tightening that began in mid-2023 and has only started to ease a bit this year.<\/p>\n<p>The government forecasts 4% growth this year. In December, the central bank started cutting after having kept the main policy rate steady for eight months. Inflation has dipped to 33% from as high as 75% last May.<\/p>\n<p>In March and April, the bank reversed course and tightened by 350 basis points and raised the lending rate to 49% in response to market turmoil over the arrest of Istanbul Mayor Ekrem Imamoglu, President Recep Tayyip Erdogan\u2019s main political rival. [Reuters]<\/p>\n","protected":false},"excerpt":{"rendered":"Turkey\u2019s economy is expected to have grown by 4.1% in the second quarter and to grow by 2.9%&hellip;\n","protected":false},"author":2,"featured_media":109148,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46,3848],"class_list":["post-109147","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy","tag-turkey"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/109147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=109147"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/109147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/109148"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=109147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=109147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=109147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}