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flag Turkey enters technical recession as economy contracts 0.2% in Q3, growth slows to 2.1%.

flag Turkey's economy grew by 2.1% in the third quarter of 2024, marking a slowdown and entering a technical recession with a 0.2% quarter-on-quarter contraction. flag High interest rates raised by the Central Bank to combat inflation have impacted demand, especially in the services sector. flag The government anticipates reduced inflation and improved economic activity by the end of 2025.

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