Balanced News: Turkey’s economy grows 5.6% in 2022, but labor’s income share shrinks

The Turkish economy continued to grow in 2022, but at the expense of a shrinking labor share from the national income. Inflation continued to surge, but the central bank cut interest rates to ease the impact. The working class share from the national income has been shrinking since 2016. The earthquake disaster has overshadowed public debate on economic grievances for now, but the electorate continues to grapple with rising prices and melting purchasing power.