The World Bank has raised its growth forecast for Turkey.

Positive Predictions for the Turkish Economy from the World Bank

The World Bank has updated its growth expectations for the Turkish economy, projecting a growth rate of 3.5% for this year, 3.7% in 2026, and 4.4% in 2027.

In June, the projected growth rates for Turkey were 3.1% for 2025, 3.6% for 2026, and 4.2% for 2027. This update once again highlights the resilience and potential of the Turkish economy.

General Situation of the European and Central Asian Economies

According to the World Bank's Europe and Central Asia Economic Update Report, while economic growth in the region has slowed, a total growth of 2.4% is expected. Last year, this rate was 3.7%, and the decline is particularly related to the economic contraction in Russia.

Strong Growth in East Asia and the Pacific

A growth of 4.8% is expected in East Asia and the Pacific this year. Vietnam boasts the highest growth rate in the region at 6.6%, followed by Mongolia at 5.9% and the Philippines at 5.3%.

Slowdown Predicted in South Asia

In South Asia, the growth of 6.6% this year is predicted to drop to 5.8% next year. This change is attributed to the global economic slowdown and sociopolitical uncertainties in the region.

Inflation Problem in Latin America and the Caribbean

A growth of 2.3% is expected in Latin America and the Caribbean this year. However, the region is negatively affected by rising inflation, increasing debt, and low investments.

Resilient Growth in Sub-Saharan Africa

Sub-Saharan Africa's growth is expected to reach 3.8% this year, up from 3.5% for 2024. This reflects the impact of economic reforms tailored to specific countries.

Developments in the Middle East and North Africa

The growth forecast for the Middle East and North Africa is 2.8% this year. However, risks are increasing due to ongoing uncertainties. It is emphasized that the employment rate of women in this region needs to be increased.