Turkey cuts economic growth forecasts

Turkey has lowered its economic growth forecasts for 2026 and 2027, expecting growth of 3.3% in 2026 and 4.2% in 2027, compared to previous projections of 3.8% and 4.3%, respectively. This comes amid the repercussions of the war with Iran and its impact on the Turkish economy, including rising energy prices and hampering efforts to reduce inflation. Officials also indicated the possibility of early elections in late 2027, with a focus on price stability and achieving sustainable growth, amid government efforts to confront economic and geopolitical pressures.

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