TΓΌrkiye's economy grew by 3.7% on an annual basis in the third quarter, official data showed on Monday, slowing more than expected as tight monetary policy cooled domestic demand and frost and drought curtailed agricultural output.
The August-October gross domestic product (GDP) grew 1.1% from the previous quarter on a seasonally and calendar-adjusted basis, data from the Turkish Statistical Institute (TurkStat) showed.
The drag on economic activity was largely due to the agriculture, forestry and fishing sector, which shrank 12.7%.
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