Turkey’s Growth Surprising Despite High Rates

Türkiye’s economic growth remained flexible at 2Q, despite the increase in the emergency interest rate by the Central Bank in March. The economy increased by 4.8% annually compared to an average estimation of 4.1%. Koç University Professor of Economics Selva Demiralp, Bloomberg’s horizons Middle East and African anchor Joumanna Bercche told the factors that guide this growth.