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Turkish economy grows 1.7 pct in third quarter, below forecast

The institute revised second-quarter GDP growth to 2.2 percent year-on-year from an initial 2.1 percent

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Turkey's gross domestic product (GDP) grew 1.7 percent year-on-year in the third quarter, official data showed on Wednesday, sharply below a Reuters poll forecast of 3.0 percent growth.

Output grew 0.4 percent from the previous quarter on a calendar-adjusted basis, the Turkish Statistics Institute said.

The institute revised second-quarter GDP growth to 2.2 percent year-on-year from an initial 2.1 percent.