17.03.2025 14:54
The OECD, one of the leading organizations in the world of economics, has announced a new outlook for the Turkish economy. Revising its previous forecasts, the organization predicts that Turkey's economic performance will be even better than expected in 2025, although it may experience a slight decline next year. The inflation forecast, on the other hand, is particularly thought-provoking.
The Organisation for Economic Co-operation and Development (OECD) has revised its forecasts regarding Turkey. It has lowered its growth forecasts for the global economy. In the interim "Economic Outlook" report published today, the OECD raised its growth forecast for Turkey in 2025 from 2.6% to 3.1%, while it reduced the growth forecast for 2026 from 3.1% to 3.0%. The OECD predicts that the Turkish economy will grow by 3.2% in 2024.
INFLATION FORECAST INCREASED BY 0.7 POINTS
The OECD has increased its year-end inflation expectation for Turkey in 2025 by 0.7 points to 31.4%, while it lowered the 2026 year-end expectation from 17.2% to 17.1%.
In the Economic Outlook report presented under the title "Guidance in Uncertainty," the OECD stated that global production growth remained resilient in 2024 due to strong expansions in some major emerging market economies, including the US and China. The report noted, "Global GDP growth is expected to decline from 3.2% in 2024 to 3.1% in 2025 and to 3.0% in 2026 due to increasing trade barriers in some G20 economies and rising geopolitical and policy uncertainties putting pressure on investment and household spending."