Turkish Economy Grows 5.7% in Q1 on Strong Domestic Demand Despite Anticipated Rate Hikes
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#573d4895 ver:0.17

Despite anticipated rate hikes, Turkey's economy grew 5.7% in Q1 driven by strong domestic demand. However, the central bank's aggressive monetary tightening to combat high inflation is expected to slow growth for the rest of the year. The Turkish lira has hit a record low against the US dollar, adding to economic challenges. Turkey's policymakers are using alternative measures to manage the lira ahead of elections, but economists predict further rate increases after the elections. Inflation remains high, and the government plans to issue $10 billion worth of financing from international capital markets. #TurkeyEconomy #Inflation #RateHikes #LiraDepreciation...

#newstr #Turkey #Economy #GdpGrowth #DomesticDemand #Inflation 

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