ISTANBUL, Feb 24 (Reuters) - Turkey's economy likely grew 4-5 percent in the fourth quarter, bringing the contraction for 2009 as a whole under a previously forecast 6 percent, Turkish Finance Minister Mehmet Simsek said on Wednesday.
ATHENS (Reuters) - Greece's economy contracted more than expected in the last quarter of 2009, and was in a deeper recession than previously estimated in the previous quarters, statistics service data showed on Friday.
Gross domestic product (GDP) fell 2.6 percent year-on-year in the fourth quarter, while the data for previous quarters were revised down.
Why? It is because Greece has gone for an economy based on shipping, tourism and yoghurt and Turkey has gone for an economy manufacturing, tourism and yoghurt?
ATHENS (Reuters) - Greece's economy contracted more than expected in the last quarter of 2009, and was in a deeper recession than previously estimated in the previous quarters, statistics service data showed on Friday.
Gross domestic product (GDP) fell 2.6 percent year-on-year in the fourth quarter, while the data for previous quarters were revised down.
Why? It is because Greece has gone for an economy based on shipping, tourism and yoghurt and Turkey has gone for an economy manufacturing, tourism and yoghurt?
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