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Turkey GDP (Q1 2022)

Turkey’s economy performed better than expected in Q1, with GDP rising by 1.2% q/q, as the boost to net trade from the lira’s collapse late last year more than offset the blow to household spending from the surge in inflation. Economic growth is likely to be sluggish over the coming quarters but, even so, we have revised up our GDP growth forecast for this year to 4.3% (from 0.3% previously).
Jason Tuvey Senior Emerging Markets Economist
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Emerging Europe Data Response

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Emerging Europe Drop-In (11th Aug): We’re expecting downturns in Central and Eastern Europe, but how bad could it get? Join this 20-minute briefing on our Q3 Outlook report, including the latest on Turkey, Russia and whether Hungary’s forint has further to fall. Register now.

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More from Jason Tuvey

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Africa Data Response

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