Turkey: Impressive growth but increasing vulnerability to external factors

Turkey: Impressive growth but increasing vulnerability to external factors

Turkey’s economy grew substantially during the first three quarters of 2017, surging by 7.4% compared to a year earlier. During the third quarter, the economy expanded by 11.1% compared to a year earlier, the fastest growth among the G20 economies. This rise largely exceeded market expectations, especially considering the factors that negatively affected last year’s economic activity.

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