24.04.2025 09:52
The World Bank has raised Turkey's economic growth forecast for 2025 from 2.6% to 3.1%. The bank published a report on the economies of Europe and Central Asia, the Middle East and North Africa, Sub-Saharan Africa, and Latin America and the Caribbean.
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The World Bank has raised Turkey's economic growth forecast for 2025 from 2.6% to 3.1%.
The World Bank has published its reports on the economies of Europe and Central Asia, the Middle East and North Africa, Sub-Saharan Africa, and Latin America and the Caribbean. The Bank has increased Turkey's economic growth forecast for this year from 2.6% to 3.1%. In its January forecasts, the Bank had predicted that the Turkish economy would grow by 2.6% in 2025 and by 3.8% in 2026.
IMF RAISES TURKEY'S GROWTH FORECAST
The International Monetary Fund (IMF) has announced its new growth expectations for Turkey. In its previously published report, the IMF had predicted Turkey's growth forecast for 2025 to be 2.6%, but it has revised this forecast upwards. As a result of evaluating numerous data, the IMF has raised this figure to 2.7%.
GLOBAL GROWTH FORECAST LOWERED
Due to the effects of trade wars, a risk atmosphere is spreading in global markets. Despite economists' warnings, U.S. President Donald Trump imposed additional tariffs on many countries, particularly China. Following this, as he threatened Fed Chairman Powell, gold prices soared, causing a seismic effect in the global economy. Evaluating these risks, the IMF has revised its global growth forecast downwards. In the IMF's latest statement, the previously made growth forecast of 3.3% for the global economy has been lowered to 2.8%.
INFLATION FORECAST FOR NEXT YEAR IS 22.8%
The report forecasts Turkey's inflation rate for 2026 to be 22.8%. The unemployment forecast for 2025 is estimated to be 9.4%, and for 2026, it is estimated to be 9.2%. The ratio of the current account deficit to GDP is stated to be 1.2% for both 2025 and 2026.
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