ISTANBUL, Nov 27 (Reuters) - Finance Minister Berat Albayrak said on Wednesday that Turkey’s economy will grow 4-5% in the last quarter of 2019, the state-owned Anadolu news agency reported.
Growth expectation for the third quarter was around 1%.
“If December continues at this pace as well, Turkey is going towards a last quarter where it will grow around 4-5%,” Anadolu quoted him as saying.
Turkey’s economy contracted year-on-year in the last quarter of 2018 and the first two quarters of this in the wake of a currency crisis that saw the lira lose nearly 30% of its value against the dollar last year.
The Turkish Statistics Institute is expected to announce the third quarter growth figures next Monday. (Reporting by Ali Kucukgocmen and Ezgi Erkoyun; Editing by Angus MacSwan)