Turkey’s economy saw a growth of 3.8% in the second quarter, slightly surpassing expectations. This increase was primarily fueled by household spending, indicating a strong consumer demand. However, experts predict that the economic activity may decelerate in the coming months due to the decline in fiscal stimulus following the May elections.
Despite the positive growth rate, concerns remain about the sustainability of Turkey’s economic expansion. The country has faced various challenges in recent years, including high inflation rates and a depreciating currency. The government’s efforts to stimulate the economy before the elections have provided a temporary boost, but long-term stability and growth will require comprehensive reforms and structural changes.
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Keyphrase: Turkey’s economy expands driven by household spending
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