Turkey's 1Q Growth Beats Estimates

Turkey's economy is experiencing rapid growth, ranking as the fourth fastest among G20 nations. This growth is primarily driven by private consumption and government spending, with household consumption contributing significantly. However, the sustainability of this growth is questioned due to currency pressure and the impact of refugees. Analysts remain skeptical about the long-term viability of these growth figures.

What were the main drivers of Turkey's economic growth?

• Technology and innovation

• Tourism and agriculture

• Exports and foreign investments

• Private consumption and government spending

How much did household consumption grow in Turkey?

• 5%

• 12%

• 7%

• 10%

What is a major concern regarding Turkey's economic growth?

• Sustainability of growth

• Decreasing tourism

• High inflation rates

• Lack of foreign investments

What external factor is contributing to Turkey's consumption growth?

• Tourism boom

• Refugee influx

• Increased exports

• Foreign investments

Approximately how many refugees are contributing to Turkey's consumption growth?

• 4 million

• 1 million

• 2 million

• 3 million