The growth of the Turkish economy in the first quarter of 2023

Official statistics showed that Turkey’s economy grew by 4 percent in the first quarter of this year, slightly exceeding expectations. This growth occurred despite the consequences of the devastating earthquakes that occurred in the south of the country last February. Data from Turkey’s Statistics Institute showed that gross domestic product rose 0.3 percent in the first quarter from the previous quarter. An earlier Reuters poll had expected the economy to grow 3.9 percent in the first quarter, and this poll expected growth of 2.0 percent. 8 percent for the entire year 2023. In this context, Turkish President Recep Tayyip Erdoğan said yesterday that the government is determined to take measures to protect citizens from high inflation and reduce it to single digits. To reduce the burden on the shoulders of the people.

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