Positive Growth Predictions for Turkey from the IMF
The International Monetary Fund (IMF) has revised upwards its Gross Domestic Product (GDP) growth forecasts for Turkey for the years 2025 and 2026 after assessing the country's economic outlook.
2025 Growth Forecast is Increasing
The IMF, in its update of the "World Economic Outlook Report for Fall 2025" published during the IMF-World Bank Fall Meetings held in Washington, raised its GDP growth estimate for Turkey in 2025 from 3% to 3.5%.
Positive Expectations for 2026
The IMF also increased its GDP growth forecast for 2026 from 3.3% to 3.7%, indicating a positive trend in the Turkish economy.
Inflation and Unemployment Rates
The organization also expects the annual average inflation rate in Turkey to be 58.5% in 2024, while predicting that this rate will decline to 34.9% in 2025 and 24.7% in 2026.
The IMF forecasted that the unemployment rate will remain at 8.3% in both 2025 and 2026.
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IMF, Turkey, GDP, growth forecast, inflation, unemployment rate
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