14.10.2025 16:53
The International Monetary Fund (IMF) has revised its forecasts for the Turkish economy upward in its "World Economic Outlook Report" for October. According to the Fund's report, the Turkish economy is expected to grow by 3.5% in 2024 and by 3.7% in 2025. These figures are higher than the previous forecasts announced by the IMF in July.
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The International Monetary Fund (IMF) published its 'Global Economic Outlook Report' for October. The report revised growth forecasts for Turkey upwards, while emphasizing that inflation will remain high.
GROWTH EXPECTATIONS FOR 2025 AND 2026 INCREASED
The IMF raised its Gross Domestic Product (GDP) growth forecast for Turkey's economy for 2025 from 3% to 3.5%, and for 2026 from 3.3% to 3.7%. The Fund pointed out signs of recovery in domestic demand and exports in the Turkish economy. The revision indicates that positive expectations for the Turkish economy have strengthened compared to the report in July.
INFLATION WILL REMAIN HIGH
The report stated that the average consumer inflation in Turkey is expected to be 34.9% in 2025 and 24.7% in 2026. The unemployment rate forecast was kept stable at 8.3% for both years.
LIMITED IMPROVEMENT IN GLOBAL GROWTH
The IMF raised its global economic growth forecast for 2024 from 3% to 3.2%. The global growth expectation for 2025 was maintained at 3.1%. The report emphasized that the world economy is in a weak but resilient recovery process.
"RISKS TO THE OUTLOOK ARE INCREASING"
The IMF warned that uncertainties in trade policies are increasing risks in the global economy. The report included the following statements: "Uncertainty in trade policy remains at a high level. Although the impact of protectionist measures is still limited, pressure on prices and investments is increasing."
The Fund also noted that the global economy is moving towards a more fragmented structure, which could pose risks to growth in the coming years.
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