Turkey's economy will grow 4% in the third quarter and 5% overall in 2022, after the central bank embarked on an easing cycle to counteract an economic slowdown despite rising inflation. Turkey's economy recovered quickly from the COVID-19 pandemic, expanding 11.4% in 2021. It expanded by 7.5% in the first quarter and 7.6% in the second, extending its hot streak on the back of strong domestic demand and exports. According to the median estimate of 13 economists polled by Reuters, Turkey's GDP growth will be 4% year on year in the third quarter. Forecasts ranged from 3.0% to 4.8%. Last year's easing cycle caused the lira to lose 44% against the dollar, and it has lost another 29% this year, sending inflation to a 24-year high of more than 85% in October.
COUNTRIES
EXHIBITORS
SESSIONS
START-UPS
SPEAKERS
ORGANISATIONS
BUSINESS ATTENDEES
VISITORS
