17:33 - 31.08.2023

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August 31, Fineko/abc.az. The Turkish economy grew 3.8% in annual terms in the second quarter of 2023, ABC.AZ reports, citing the country's statistical institute.

Consumer spending rose 15.6% last quarter. They have been rising at double-digit rates for seven consecutive quarters.

Government spending increased by 5.3%, and business investment rose by 5.1%.

Exports in April-June fell 9%, while imports gained 20.3%.

Turkiye's GDP increased by 3.5% in Q2  compared to the previous three months. A decrease of 0.1% was recorded in January-March 2023, according to revised data.