Quality of growth declines despite recovery
The Turkish economy recovered strongly in the fourth quarter of 2016 as government efforts helped support consumer spending. The economy grew 3.5 percent in the period, bringing the 2016 expansion to 2.9 percent, be- ating analysts’ predictions of 2.2 percent. This better-than-expected growth was a bright spot amid geopolitical tensions, terror attacks and mounting uncertainties following the failed coup last July, which hurt consumer confidence and tourism. The gover- nment forecast growth at 3.2 percent in 2016 and 4.4 percent this year. Analysts struggled to interpret the growth figures, which reflect changes in measuring the gross domestic product. We have complied analysis and predictions for growth to come.