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Inflation Blowout Stretches Turkish Economy in Test for Consumer

  • Turkish economy lost momentum as expansion continues this year
  • Signs emerge that lira, inflation becoming drag on growth
Turkey’s GDP rose 7.3% in the January-to-March period from a year earlier.

Turkey’s GDP rose 7.3% in the January-to-March period from a year earlier.

Photographer: Erhan Demirtas/Bloomberg
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The fastest inflation since President Recep Tayyip Erdogan took power two decades ago was a jolt for Turkish consumer demand, tripping up the economy at the start of the year and likely shaping the outlook in the months ahead.