Turkey’s record growth should not be exaggerated – columnist
Turkey’s economy expanded by a record amount in the second quarter of this year, a performance that was underscored by President Recep Tayyip Erdoğan on Wednesday.
While annual growth of 21.7 percent ranked Turkey second globally, columnist Alaattin Aktaş said this performance should not be exaggerated because it came after a deep contraction during the outbreak of the COVID-19 pandemic a year earlier.
Turkey’s economy has expanded by 7-8 percent in three years, Aktaş said in an article for the Dünya newspaper on Thursday.
Aktaş asked where the increase in prosperity in Turkey was coming from, pointing to its growing population and an influx of refugees.
The whole world suffered the chaos of COVID-19 and it is hardly surprising that economies are now rebounding strongly, Aktaş said. So it is wrong to focus on Turkey’s own growth performance while appearing to be blind to what is happening elsewhere, he said.
“Prosperity must increase, living conditions must improve. Is this happening?” he said.
Turkey’s economy has grown by 9.1 percent since 2019 and by just 7.4 percent since 2018, he said.