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The Turkish economy is growing considerably


Consumption, investments, exports: the Turkish economy has grown considerably more than a year after the coup attempt. According to the Turkish Statistical Office, gross domestic product (GDP) increased by 11.1 percent in the third quarter of 2017, the strongest growth in six years. Immediately after the coup attempt the Turkish economy had dropped by 0.8 percent. But even in comparison with the first half of the year, growth has more than doubled, they said. According to the Statistical Office, the causes are both private consumption and investments and exports. A particularly strong growth was determined by the service providers, the construction sector and industry. Recently, Turkey has also benefited from arms exports. Political tensions and military conflicts have increased the global demand for defense equipment, according to a report from Sipri Research Institute. Some of the best-selling manufacturers are therefore located in Turkey.