Turkish economy set for all-time high by year's end, Turkish PM says

Turkey's prime minister on Thursday touted the nation's banner economic growth in the third quarter, calling it "a world record" in emerging and developing countries.

Speaking at an Employment Council meeting in capital Ankara, Binali Yıldırım said: "The growth rate in the third quarter set a world record. Turkey took the lead on the list, leaving China and India behind."

He said Turkey would see also see a record export volume, as it reached $155.5 billion on a yearly basis in December.

By the end of the year, Turkey is set to hit an all-time record, he added.

Turkey became the fastest-growing economy among G20 countries with its unexpectedly high 11.1 percent growth in the third quarter of 2017.

Yildirim went on to say that Turkey achieved this success despite a number of challenges over the course of the year.

The growth was triggered by domestic demand, including accelerated investment support by the government and strong contributions from exports.