Business

OECD: Turkey’s economy grew by 6.8% annually in the week of March 6

According to the GDP Weekly Tracking data of the Organization for Economic Cooperation and Development (OECD), the Turkish economy grew by 6.83% in the week of March 6-12 compared to the same week of the previous year.

According to the OECD’s GDP Weekly Tracking data, the Turkish economy grew by 6.83% in the week of March 6-12 compared to the same week of the previous year. The OECD calculates weekly GDP data using machine learning and Google Trends data.

GDP Tracker Weekly applies Google Trends data for 46 countries to a machine learning model and aggregates data on research behavior on consumption, the labor market, housing, trade, industrial activity and economic uncertainty.

This high-frequency economic activity indicator calculated for OECD members and G20 countries explains the weekly GDP in comparison with the same week of the previous year and the same week of 2 years ago.

Accordingly, in the week that started with March 6, the GDP in Turkey grew by 6.05% compared to the same week of 2019.

Source: Sabah / Translated by Irem Yildiz

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