Turkey's economy showed good growth in the second quarter of 2023

According to Türk Sat, the economy grew by 3.5% in the second quarter of this year and annual GDP growth was 3.8% (above expectations). Consumer demand grew by 15.6%. Imports increased by 20.3%, but exports decreased by 9%. To be fair, it is worth noting the global trend of export decline in developed countries.

The inflow of foreign direct investment continues to grow, exceeding 4.8 billion dollars in 6 months of 2023. The majority of investments fell to the share of European countries - 59%, with the Netherlands in second place - 23%, and Russia in third place -15%. According to the forecasts of the International Association of Investors, another 7.1 billion dollars will be attracted to the Turkish economy by the end of the year.