Publication | 30 March 2022
The Turkish economy grew by 21.7 percent in Q2 2021; which is partially attributed to the low base effect since the economy had contracted by 9 percent in Q2 2020 due to Covid -19 pandemic lockdown but also due to increased production and exports amidst the global supply crisis. Despite the economic recovery, the inflation rates remain as high as 19.6 percent at the end of Q3 2021.