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ANKARA, Sept. 9 (Xinhua) -- Turkey's gross domestic product (GDP) expanded by 3.1 percent in the second quarter of 2016 year on year, slower than the first quarter, according to a statement by the Turkish Statistical Institute on Friday.
The Q2 GDP totalled 33.06 billion lira (11.4 U.S. billion dollars), up 3.1 percent from the previous year but lower than the previous forecast of around 3.4 percent.
The statement showed that the Q1 GDP was downgraded 0.1 percentage point to 4.7 percent from the previously announced 4.8 percent.
Following the release of Q1 figures, many economists agreed that the following quarterly growth rates will stand at around 3 percent, taking into account possible fluctuations in the overall framework, Turkish Daily Sabah added.
The institute attributed the slowdown to the decline in industrial investments and foreign demand, but stressed the economy has maintained its momentum according to constant prices, which excludes the effect of inflation.
Deputy Prime Minister Mehmet Simsek said in a written statement on Friday that economic growth maintained a level of 3.9 percent in the first half of 2016, despite the ongoing geopolitical tensions and weakening global economy.
He said Turkish economy has managed to achieve domestic demand-intensive growth since the last quarter of 2014 due to a low global trade volume and low demand from commercial partners.
Due to weak machinery and equipment investment, private sector made a negative contribution in the second quarter despite the positive performance of construction investment.
Turkish government announced in January the Turkey's Medium-Term Economic Plan (MEP), in which the government predicts that the year-end GDP will increase by 4.5 percent in 2016, and by 5 percent for 2017 and 2018, respectively.
PARIS, June 1 (Xinhua) -- World No. 1 Novak Djokovic booked a quarterfinal spot in the French Open in a match waiting for three days to complete on Wednesday, while the last Frenchman in main draw Richard Gasquet was eliminated in last eight.
The 29-year-old Serb, who need an ever first trophy at Roland Garros to complete a career slam, fought back from one set down to see off 14th-seeded Roberto Bautista Agut 3-6, 6-4, 6-1, 7-5 in a game that was initially scheduled on Monday but twice delayed by rain on Tuesday.
Play resumed on Wednesday from Djokovic leading 4-1 in the third set, and the top seed finished with a forehand volley on his second match point to set up a meeting with Tomas Berdych after the No.7 seed ousted Spain' s David Ferrer in straight sets.
With rain creating a compressed schedule, Djokovic will be on court for a third day in a row on Thursday.
Also making quarters in men' s draw are 13th-seeded Dominic Thiem, who' s through to his first Grand Slam quarterfinal following a 6-2, 6-7, 6-1, 6-4 victory over Marcel Granollers, and David Goffin of Belgium who defeated Ernests Gulbis 4-6, 6-2, 6-2, 6-3.
Later on Wednesday, defending champion Stan Wawrinka made short effort against Albert Ramos-Vinolas, beating the 55-ranked Spaniard in straight sets, 6-2, 6-1, 7-6 (7), to make semis.
In the other men' s singles quarterfinal matchup, world No. 2 Andy Murray rallied past 9th-seeded local favorite Gasquet in three hours and 23 minutes, 5-7, 7-6 (3), 6-0, 6-2.
The Scot plays the third seed Wawrinka in the semifinals on Friday, while Djokovic and the other three advancers on top of the main draw have to play back-to-back quarterfinals on Thursday.
On women' s part, singles title holder Serena Williams was taken just over an hour to see off the 18th seed Elina Svitolina of Ukraine, 6-1, 6-1.
The 21-time Grand Slam winning American next plays Yulia Putintseva of Kazakhstan, a surprising winner over 12th-seeded Spaniard Carla Suarez Navarro with a duo of 7-5 on Wednesday.
The other quarterfinal remaining picks No. 8 seed Timea Bacsinszky and unseeded Dutch Kiki Bertens after the Swiss Bacsinszky ousted Serena' s elder sister Venus Williams 6-2, 6-4, and the latter upset 15th seed Madison Keys 7-6 (4), 6-3.
No. 4 seed Garbine Muguruza and 21st seed Samantha Stosur of Australia made respective easy promotion to set up semifinal encounter against each other.
Also on the day, the ninth seeded pair Xu Yifan and Zheng Saisai, the last Chinese in the French Open main draw, packed home after losing 6-2, 6-4 to Russia' s Margarita Gasparyan and Svetlana Kuznetsova in the women' s doubles quarterfinals.
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