HOUSEHOLDS’ CONSUMPTION AND EXPORT PROMOTED THE GROWTH
Ozan Bakış and Uğurcan Acar
The Turkish economy has grown 7.6 percent in the second quarter of 2022. The biggest contribution to the growth has come from private consumption, with 12.3 percentage points. The net foreign trade has contributed to the growth by 3.9 percentage points. According to the seasonally and calendar-adjusted series, the GDP has grown by 2.1 percent compared to the previous quarter, with a contribution of 2.3 percentage points of stock changes and 1.7 percentage points of foreign trade. On the other hand, stock change and investments drove quarterly growth down by 1.3 and 0.4 percentage points, respectively.