Turkey’s latest growth figures – just 1.6 per cent in the third quarter – show that talk of a booming Turkish economy may be somewhat outdated.
But the sources of the growth are important too. To a certain extent, it is due to gold, government and Goldilocks.
Turkish officials have played down the impact of the country’s gold sales on national accounts and argued that economic growth is due to private, rather than public, sector effort.
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