Indicators
Turkey Rebounds from Recession at Onset of Rate-Cut Cycle
- Central bank slashed rates twice and signaled more to come
- Rebound adds to challenge of balancing growth and inflation
Turkey's economy expanded 1.7% compared to the third quarter.
Photographer: Kerem Uzel/BloombergThis article is for subscribers only.
Turkey emerged from a technical recession in the fourth quarter, with stronger-than-forecast growth and a nascent rate-cut cycle bolstering investors’ hopes for an economic uplift this year.
The $1.3 trillion economy expanded 1.7% compared to the third quarter, Turkey’s statistics agency said Friday. That was slightly more than the median forecast of 1.5% in a Bloomberg survey.