Election Spending Gave Turkish Economy a Boost Before Quakes Hit
- GDP expanded 3.5% annually last quarter, above 2.9% estimate
- Push for growth came at the expense of price stability
Inflation soared to the highest level since 1998 to above 85% in October before slowing to around 60% last month.
Photographer: Nicole Tung/BloombergThis article is for subscribers only.
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Turkey’s economy grew faster than expected last quarter as the government ramped up spending ahead of elections, though two devastating earthquakes this month have clouded the outlook.