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Asharq Al-Awsat
Asharq Al-Awsat
Business
Istanbul - Asharq Al-Awsat

Türkiye's Economy Grew 5.6% in 2022

Türkiye's economy expanded 5.6% in 2022, official data showed. DPA

Türkiye's economy expanded 5.6% in 2022, official data showed on Tuesday but growth was expected to slow significantly to 2.8% in 2023 after earthquakes this month caused widespread destruction in the south of the country.

The economy had started cooling in the second half of 2022 with a decline in domestic and foreign demand, partly due to a slowdown in Türkiye's main trading partners because of the war in Ukraine, which hurt exports.

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