Minister Şimşek: The World Bank has increased our country's growth forecast by 0.5 points, expectations are improving.

11.06.2025 10:51

The World Bank has raised its growth forecast for the Turkish economy this year from 2.6% to 3.1%. In his assessments regarding the development, Minister of Treasury and Finance Mehmet Şimşek stated, "With the confidence in our program, expectations are improving. We will continue to steadfastly implement our policies that solidify the foundations of sustainable high growth."

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The Minister of Treasury and Finance, Mehmet Şimşek, made evaluations regarding the World Bank's increase of Turkey's economic growth forecast from 2.6% to 3.1%. Minister Şimşek stated, "Expectations are improving with the confidence in our program."

WORLD BANK RAISED GROWTH FORECAST

In the June issue of the World Bank's Global Economic Prospects Report, it was reported that Turkey's economy is expected to grow by 3.1% this year, 3.6% next year, and 4.2% in 2027. In its January forecasts, the World Bank had predicted that Turkey's economy would grow by 2.6% in 2025 and 3.8% in 2026.

The report noted that the relatively moderate growth forecast for Turkey's economy this year reflects the effects of tight monetary policy, expected fiscal consolidation, and weak global economic activity in an environment of increasing uncertainty. It was stated that the upward revision in this year's growth forecast is largely due to stronger-than-expected growth in the fourth quarter of 2024 and the decline in global oil prices. The report also indicated that private consumption is expected to continue to be the main driving force of growth in 2026 and 2027, supported by ongoing disinflation, but that export growth is expected to remain limited due to the real appreciation of the lira, weak demand in the Eurozone, and uncertainties regarding trade policies in major economies.

MINISTER ŞIMŞEK: EXPECTATIONS ARE IMPROVING

The Minister of Treasury and Finance, Mehmet Şimşek, made evaluations regarding the World Bank's increase in Turkey's growth forecast. In a post on X, Minister Şimşek stated, "Expectations are improving with the confidence in our program."

“WE WILL CONTINUE OUR POLICIES WITH DETERMINATION”

The World Bank, which revised downwards the growth forecasts for approximately 70% of economies for 2025, has increased our country's growth forecast by 0.5 points. "We will continue our policies that solidify the foundations of sustainable high growth with determination."