[:en]It is stated that :“Turkey enjoyed rapid growth between July and September” in the article.
In the analysis, it is said that the gross domestic product expanded 15.6 per cent compared with the previous quarter as it bounced back from its deepest downturn, a dive triggered by measures aimed at curbing the spread of coronavirus.
Third-quarter growth was 6.7 per cent, compared with a year earlier, driven by household consumption, imports and investment.
Turkey’s authorities responded to the pandemic by cutting the country’s already low interest rates and pumping the economy with cheap credit. Loan growth reached its highest level since 2013.