02.05.2025 11:11
The international credit rating agency S&P Global Ratings has made new economic forecasts for many countries due to the impact of global trade wars. According to the agency's forecast for the Turkish economy, Turkey is expected to grow by 2.7% in 2025, and the year-end inflation rate will be 33%.
Due to the effects of global trade wars, there are concerns about the circulation of goods worldwide. In this environment, the famous credit rating agency S&P Global announced its new forecasts regarding the Turkish economy. Accordingly, S&P Global economists predict that the Turkish economy will grow by 2.7% in 2025, and the year-end inflation will be 33%.
GROWTH RATE IN THE TURKISH ECONOMY WILL INCREASE
Pointing out that global trade wars have unpredictable effects on economies, S&P Global Ratings predicts that the Turkish economy will grow by 2.7% in 2025, 2.9% in 2026, 3.3% in 2027, and 3.2% in 2028.
FRIGHTENING INFLATION FORECAST
S&P's inflation forecast for the Turkish economy is alarming. While the Central Bank of the Republic of Turkey predicts that year-end inflation will be at 24%, S&P Global announced its inflation expectation as 33%. The organization's inflation expectations for 2026, 2027, and 2028 were stated as 18.3%, 14.2%, and 12.7%, respectively.
YEAR-END INTEREST RATE EXPECTATION IS 38%
Considering that the unemployment rate will be 10.2%, 10.0%, 9.8%, and 9.7% in 2025, 2026, 2027, and 2028, respectively, S&P Global predicts that the average exchange rate of the US dollar/TL will be 43.0 in 2025, 48.0 in 2026, 52.0 in 2027, and 55.0 in 2028. The institution also listed Turkey's year-end policy interest rate forecasts for the same years as 38.0, 17.50, 12.50, and 12.50.