However, analysts perceive the quick growth spurt as a cause for concern since it may signal an overheating economy, which might lead to a hard landing.
Inflation was hovering around 6.2% in June. Unemployment is also quickly falling, but this could push up inflation since wages, along with total labor costs, are rising.
Additionally, the current account deficit has grown to $37.3 billion during the first five months of the year, or more than double year-over-year.
iShares MSCI Turkey
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Max Chen contributed to this article.