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Economy grows 7.6% despite 24-year-high inflation in this Middle-Eastern country

Mount Equity Group Tokyo Japan > News > Markets > Economy grows 7.6% despite 24-year-high inflation in this Middle-Eastern country

Despite inflation reaching a 24-year high in the second quarter, Turkey’s economy outperformed most of its competitors because of a spike in consumer spending. In the second quarter, the gross domestic product increased annually by 7.6%, exceeding the consensus prediction of 7.4% in a Bloomberg survey of 18 economists….

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