Data published on 2 December showed Turkey’s economy expanded from a year earlier in the third quarter after three consecutive contractions.

What happened

The rebound followed a recession associated with the 2018 currency shock, high inflation and weak demand. Lower rates and public-bank lending supported activity.

Why it mattered

The return to growth offered relief to the government, though economists questioned the recovery’s durability and composition.

Context and consequences

Output was improving, but confidence, external financing and policy credibility remained central risks.

Sources

• Reuters
• World Bank