Turkish economy’s growth driven by strong consumer spending

Turkey’s economy grew rapidly in 2022 thanks to buoyant consumer spending, according to data that underscores how President Recep Tayyip Erdoğan is prioritising growth over fighting high inflation.

Gross domestic product increased 5.6 per cent on an inflation-adjusted basis, Turkey’s official statistics office reported on Tuesday. The rate was higher than the 2.3 per cent recorded by the G7 group of advanced economies and the…