EBRD's 2025 growth forecast for Turkiye unchanged
Turkey, Feb. 27 -- The European Bank for Reconstruction and Development (EBRD) expects Turkiye's economy to grow by 3 per cent in 2025, unchanged from its September 2024 forecast.The Bank expects the Turkish economy to then grow by 3.5 per cent in 2026.These forecasts were published today in the Bank's Regional Economic Prospects report, which revised the Bank's aggregate 2025 growth forecast for the EBRD regions downwards by 0.3 percentage points to 3.2 per cent, citing weak external demand, the impact of conflicts and weak reform momentum.For Turkiye, the report indicates that tighter monetary and fiscal policies have led to a significant reduction in inflation and improvements in the country's external position, with net exports rising a...
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