Turkey's economy grows 10.3% in second quarter

FRANKFURT (MarketWatch) -- Turkey's economy expanded 10.3% in the second quarter compared to the same three months last year, the nation's statistics office reported on Tuesday. Most economists expected year-on-year growth of 9% in the second quarter. Turkey's growth slowed from the 11.7% pace registered in the first quarter of 2010.

http://www.marketwatch.com/story/turkeys-economy-grows-103-in-second-quarter-2010-09-14

Not bad, Türkiye!

 

If you ask to locals, nobody believes these numbers. Just like the govt statistics from US Govt.

 

every economy around the world is growing and reaching record highs except USA

 

Mashallah :]

 

May be of little meaning. "Things" need to be taken in context.... especially when measured in percentages and against "what reference".

 

At these levels, Turkey, China, Canada, and the Philippines represent good shorts if you are trading long term macro, imo.