Turkish economy rises 2.5% in Q1
Turkey's economy grew by 2.5% year-on-year in the first quarter of 2026, supported by strong performances in the information, communications, and domestic consumption sectors, despite a decline in exports and challenges in the external economy. The gross domestic product (GDP) reached approximately $389.6 billion, with household consumption increasing by 4.8% and the economy continuing to rely on domestic demand, while exports fell by 12.7%. Data indicates a slowdown in growth compared to previous quarters, with ongoing challenges stemming from weak exports and sluggish industrial activity.
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