Turkey's Economic Rise: A New Growth Wave

Turkey's Economic Rise: A New Growth Wave

Turkey's economy is experiencing a new growth wave as external demand shows steady recovery and domestic consumption regains strength; exports have risen by 5.2% year-on-year while consumer confidence has reached its highest level in years.

Key Developments

■The export sector, especially automotive and textiles, is posting double-digit growth.

■Renewable energy investments are up 18%, reducing reliance on fossil fuels.

■Foreign direct investment inflows have risen 12% in the first half of the year, reaching a historic high.

Markets are seeing a solid foundation backed by low-interest rates and an export-led growth model; sustaining structural reforms could extend this momentum into the long term.