INVESTMENT IS DECREASING
The Turkish economy has grown by 3.9 percent in the third quarter of 2022. The biggest contribution to the growth has come from private consumption, with 10.8 percentage points. The contribution of net foreign trade, which was 3.9 percentage points previous quarter, has been 0.7 percentage points. Changes in inventories have pulled the growth down by 8.3 percentage points. According to the seasonally and calendar-adjusted series, the Turkish economy has shrunk after nine quarters. Despite the 2.4 percentage point contribution of private consumption, net foreign trade’s contribution has been minus 2.5 percentage points. Changes in inventories and investments drove quarterly growth down by 0.8 and 0.6 percentage points, respectively.