According to Turkey's Customs and Trade Minister Bulent Tufenkci, the country's economic output will expand about 4 to 4.5 percent this year, even as the second and third quarters underperform the first quarter's rate of 4.8 percent, due to faster growth in the last quarter, reports Reuters.

There is no need for a "serious revision" in Turkey's 2016 export target of $155.5 billion, but the year-end figure may be $2-3 billion below it, Tufenkci told reporters late on Tuesday 6 September.

Measures going into effect next year aim to rein in inflation and are expected to reduce vegetable and fruit prices by 10 to 20 percent, he added.

Source: reuters.com