Estimates for the Gross Domestic Product in the first quarter of 2019 decreased by 2.6% compared to the same quarter last year as chained volume index.

The gross consumption spending of settled households and non-profit organizations serving the household (HHKOK) in the first quarter of 2019 decreased by 4.7% compared to the same quarter last year as chained volume index.

Exports of goods and services increased by 9.5% and imports decreased by 28.8%.

TRYING TO STOP THE DOWNSIZING

Economists point ouy that the Turkish economy shrunk by 2.6% in the first quarter of 2019 and inflation was at 19.5%, which means the slumpflation continues.

Experts point out that the state attempted to decelerate the downsizing by increasing public spending by 7%, but unemployment is getting deeper and a negative growth will follow.