OECD sees slower Turkiye growth through 2027
AgenciesThe Organization for Economic Co-operation and Development (OECD) lifted its 2026 and 2027 inflation forecasts for Turkiye on Wednesday, while also downgrading its economi...
The Organization for Economic Co-operation and Development (OECD) has lowered its growth and inflation projections for Turkey through 2027. In its latest economic outlook, the OECD increased its inflation forecast for Turkey to 31.5 percent in 2026 and 24.7 percent in 2027, both higher than the previous estimates. Additionally, the OECD reduced Turkey's economic growth forecasts to 2.7 percent in 2026 and 3.6 percent in 2027, both lower than earlier projections.
As an energy importer, Turkey has experienced high inflation in recent years, though it has managed to reduce it compared to the 85.5 percent peak in late 2022 and around 70 percent in May 2024. However, due to rising global energy prices, the rate of disinflation has been somewhat limited, prompting the Turkish government to revise its main forecasts.
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