Skip to main content

Anti-terror, security expenses boost Turkey’s economic growth

Turkey’s growth will continue with massive funds for reconstruction of destroyed towns.
An armoured vehicle drives near a Turkish police bus which was targeted in a bomb attack in a central Istanbul district, Turkey, June 7, 2016.    REUTERS/Osman Orsal - RTSGBSA
Read in 

The Turkish Statistical Institute (TUIK) has disclosed a 4.8% growth of the Turkish economy in the first three months of 2016, making Turkey the fastest growing economy of Europe.

Turkey was followed by 4.2% growth in Romania and Sweden. Turkey’s 4.8% growth, which is contrary to pessimistic forecasts, pleased the government but also enflamed the debate about its sources. Prime Minister Binali Yildirim and Deputy Prime Minister Mehmet Simsek have been gleefully saying that those who were warning of an economic crisis were proven wrong.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.