Economics

Turkey’s Economy Outperformed Most Peers -- But at a Cost

  • GDP growth of 7% in first quarter better than most G20 members
  • Analysts in Bloomberg survey predicted 6.3% annual expansion
A street vendor in Istanbul, Turkey.Photographer: Nicole Tung/Bloomberg
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Turkey’s economy has grown at a strong pace this year, outperforming most large economies as it recovers from the pandemic -- an expansion that’s come at the expense of price and currency stability.