Turkey has entered the top five countries of the "Twenty" in terms of economic growth


Tayyip Erdogan spoke about Turkey's significant economic successes.

Turkey has entered the top five countries of the "twenty" (G20) in terms of economic growth, and this is noteworthy against the background of continuing concerns about the global recession. This was announced on Wednesday by Turkish leader Tayyip Erdogan, commenting on the country's economic development indicators in the third quarter, according to which Turkey's GDP grew by 3.9%.

"Turkey is now among the top five leaders of the G20 in terms of GDP growth. I am sure that the economic growth in 2022 will be a record and the country will successfully enter 2023," Erdogan said in Ankara at a meeting with regional representatives of the ruling Justice and Development Party (AKP) led by him.

According to the head of the Ministry of Finance of the country, Noureddin Nebati, the growth indicators of the Turkish economy confirm the success of the economic policy pursued by the authorities. "Our economy grew by 3.9% in the third quarter. The nine-month growth was 6.2%. We plan to close this year with an economic growth of 5%, which is provided for by the country's medium—term development program, and thus we will add to the list of countries with the most dynamic economic development," TRT TV channel quotes the minister.

According to the data of the National Institute of Statistics announced on Wednesday, the growth of the Turkish economy in the third quarter of this year amounted to 3.9% in annual terms. At the same time, the largest growth was shown by the financial and insurance sectors — 21.6%. Turkey's gross domestic product (GDP) at current prices in the third quarter increased by 120.5% compared to the same period last year, reaching 4 trillion 258 billion 168 million Turkish liras, or 241 billion 523 million dollars. In the second quarter, the growth rate of the Turkish economy was 7.7%.

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