Turkey's economy expands 2.3% in Q2

The Turkish economy grew by 2.3% year-on-year in the second quarter of 2026, which is below expectations, as surveys indicated a growth rate of 2.9%. Additionally, gross domestic product (GDP) increased by 1.1% compared to the previous quarter after seasonal adjustments. The agriculture, forestry, and fishing sector performed the best, with a growth of 13.3%, followed by the information and communications sector at 8.6%. Despite the slowdown in growth, the government forecasts an average growth rate of 3.8% in 2026, with a new economic program to be announced in September.

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