Economics
Turkish Economy Grows 7.6% Despite Fastest Inflation in Decades
Household consumption, a major contributor to growth, rose 22.5% from a year earlier.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Turkey’s economy outpaced most peers in the second quarter despite inflation at a 24-year high, driven by a surge in consumption.
Gross domestic product rose an annual 7.6% in the second quarter, above the median forecast of 7.4% in a Bloomberg survey of 18 economists.