High growth under high interest rates

The Turkish Statistical Institute (TÜİK) announced on Sept. 11 that Turkey's economy grew over 5 five percent in the second quarter of this year, just as it did in the first quarter.

The first question that occurred to me was: Thanks to the huge treasury supported credit guarantees added to the Credit Guarantee Fund (KGF), credits volume   in Turkish Liras have increased the growth rate of 10 percent in second quarter, roughly 100 billion - did this have no effect at all? If our growth is equal to that of the first quarter, then where is the effect of the credits? If this is the growth, how had the credits which grew 10 percent in the second quarter helped?
 
Furthermore, as you know, the Central Bank raised the interest rates in mid-January, which brings me to my second question. If high interest rates are an obstacle to economic growth (as suggested by some Turkish politicians), then how was it possible for Turkey to grow 5 per cent in both the first and second quarters despite such a high interest rate? We can conclude that 5 per cent growth is possible even during a period when the Central Bank is enforcing the highest interest rate in the last five years -3 points higher than the previous year's interest rate in the second quarter- and despite giving the money to banks at the end of the day. 

The TÜİK data suggest that the industry worked for exports; while the sum of the services of accommodation, commerce and logistics have contributed as much as industry. The investments of construction also helped produce this growth to a certain extent.
 
Speaking of investments, over half of the investments -which now comprise a portion of 30 per cent in national income with the new method of calculation- are constituted of investments...