Turkey’s economy clocked one of the fastest expansions across emerging markets in the first quarter thanks to a surge in consumption before a lockdown to slow the coronavirus outbreak took hold. Gross domestic product rose 4.5% in the first quarter from a year earlier, after gaining 6% in the previous three months. The median of 24 forecasts in a Bloomberg survey was for a 4.9% increase. On a quarterly basis, the economy grew a seasonally and working day-adjusted 0.6%, according to data released on Friday. Just over a year removed from a brief recession and pumped up by monetary stimulus, Turkey surpassed countries including Indonesia, Russia, Poland and Mexico, as cheap credit at home boosted consumer spending, traditionally the biggest driver of growth. Below are the highlights of the GDP report released by the state statistics institute in Ankara: First quarter growth was driven by government spending and household consumption, which rose 6.2% and 5.1%, respectively, from a y...