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Turkish Economy Likely Outperformed Most Peers But at a Cost

(Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Turkey’s economy has continued to grow at a strong pace so far this year, but that doesn’t necessarily mean its citizens are getting richer.The $717 billion economy likely outperformed all Group of 20 nations except for China in the first quarter after nearly stalling a year ago when the pandemic struck. It’s been bolstered by robust consumption on the back of last year’s government-led credit push, an expansion that came at the expense of price and currency stability.Data on Monday is likely to show gross domestic product rose 6.3% from a year earlier and 1.3% from the fourth quarter, according to the medians of forecasts in Bloomberg surveys. Treasury and Finance Minister Lutfi Elvan said Thursday that “data point to 6% growth in the first quarter.”There is an “exchange rate illusion” in Turkey’s economic growth d ....

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Mustafa Varank: Hedefimiz üreterek sağlıklı büyümek

Mustafa Varank: Hedefimiz üreterek sağlıklı büyümek
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Turkish lira falls to near record low rattled by poor US relations and rates policy

Turkish lira nears record low as Biden recognises Armenian genocide
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Ülkemizi Güven ve İstikrar Yerine Kaos İklimine Yönlendirmeye Çalışıyorlar!

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