Turkey’s economy grew 5.1% in the second quarter, as many had expected, with the rate for the first half of the year hitting 5.1% as well. Ankara is now on course to easily achieve, and even overshoot, its target of 4.4% for 2017. This leaves the International Monetary Fund’s 2.5% forecast in the beginning of the year far off the mark.

The growth rate in the third quarter is expected to be even higher, perhaps over 10%, given the low-base effect of the same period last year, when the Turkish economy contracted 0.8% amid the clamor of the July 15 coup attempt. Even if the pace slows down in the fourth quarter, the annual figure is likely to still be in the 5-6% range.

The upsurge this year has drawn on two exceptional levers. The first has to do with global funds returning to developing countries, while the second stems from extraordinary government bolsters, primarily in the form of loans.

The latest IMF data suggests that growth this year will reach 3.5% globally and 4.5% in the category of emerging countries, where Turkey belongs. In other words, Turkey’s growth trend is in line with the general trend among its peer countries.