IMF expects Turkish GDP to grow 2.9 percent in 2026
The International Monetary Fund (IMF) lowered its 2026 growth forecast for Türkiye to 2.9 percent in its July 8 World Economic Outlook (WEO) Update, down from the 3.4 percent projection published in the April WEO.
For 2027, the IMF slightly raised its growth projection for Türkiye to 3.6 percent from 3.5 percent.
The Turkish economy grew 2.5 percent year-on-year in the first quarter of 2026, slowing from 3.4 percent growth recorded in the final quarter of 2025.
On a quarter-on-quarter basis, gross domestic product expanded by 0.1 percent, compared with 0.4 percent growth in the previous quarter.
