Turkey's gross domestic product (GDP) has clinched an 11 percent growth rate, reaching TL 25.90 billion, in the January-March period of this year as compared to the same period in 2010, surpassing expectations of a 9.7 percent growth rate. However, when compared to the GDP of the last quarter of 2010, growth was limited to 1.4 percent, the Turkish Statistics Institute (TurkStat) announced on Thursday.
According to the statistics, the Turkish economy was the world's fastest growing economy in the first quarter of 2011. Turkey was followed by Argentina with 9.9 percent and China with 9.7.
(Today's Zaman)
