The figures increased by 6.2% in the construction sector and 1.2% in agriculture, but decreased by 2.6% in industry during the same period. / Photo: AA Archive
Türkiye's economy grew 3.8% year-on-year in the second quarter of 2023, better than the market forecast, according to data released by the country's statistical authority. The country's gross domestic product at current prices surged 60.7% from last year to 5.5 trillion Turkish liras in the April-June period, the Turkish Statistical Institute said.
"We started to see the positive effects of the policies we implemented. We will continue to take the necessary steps to ensure the lasting effects of these impacts and to maintain stability" Türkiye's Treasury and Finance Minister Mehmet Simsek said.The figure followed a downwardly-revised 3.9% annual growth in the first quarter of 2023.
On a quarterly basis, the Turkish economy grew 3.5% in the three months to June, shifting from a 0.1% contraction in the previous period.