The Turkish economy grew 7.6 percent in the second quarter of the year. Commenting on the matter, MÜSİAD President Mahmut Asmalı said, "We find the 7.6 percent growth achieved by the Turkish economy quite valuable."

President Asmalı made the following statement:

The Turkish economy, which demonstrated a very successful performance with 7.5 percent in the first quarter of the year, managed to maintain both its production and export capabilities by growing by 7.6 percent in the second quarter. Thus, during this period, where China grew by 0.4 percent, the US by 1.7 percent, the UK by 2.9 percent, and the Eurozone by 3.9 percent, our country once again distinguished itself positively within the global economy, ranking second in the G20.

In addition to domestic demand, which contributed 13.9 points to this growth, the positive impact of net foreign demand (2.7 points) and investments (1.2 points) were highly significant indicators indicating that the Turkish economy achieved homogeneous growth. The acceleration of investments, which contributed only a limited 0.3 percentage points to growth in the first quarter, in the second quarter is a noteworthy development. The 9.1 percent expansion recorded in the manufacturing industry and the 18.1 percent increase observed in the services sector during this period also significantly contributed to the strong growth trend. We expect the contractions observed in the construction and agricultural sectors to turn positive in the second half of the year.

We consider the 7.6 percent growth achieved by the Turkish economy in the second quarter of the year, a period in which the global economy was severely shaken by the Russo-Ukrainian War before fully recovering from the Covid-19 shock, highly significant. Economic activity, which experienced a relative slowdown in the third quarter, is gaining momentum thanks to the recent measures taken by the economic administration. In this context, we anticipate that the positive growth trend in the Turkish economy will continue in the coming period, and that institutions such as the OECD, the World Bank, and the IMF will be forced to revise their growth expectations for our country upwards.