OECD cuts Turkish economic growth forecast to lowest rate since 2020 amid Iran war, rising prices
The organization, which published its latest economic outlook under the title “Navigating Successive Shocks,” also lowered Turkey’s 2027 growth forecast to 3.6%.
The Organization for Economic Co-operation and Development (OECD) has lowered its forecast for Turkey's economic growth in 2026 to 2.7%, marking the country's lowest growth rate since 2020. This forecast decrease is attributed to the economic fallout from the war in Iran and rising energy and fertilizer prices. The OECD also projected Turkey's growth for 2027 at 3.6%, down from previous estimates of 3.1% and 3.8% respectively.
Despite these challenges, the OECD predicts a continued disinflation process in Turkey, with inflation rates expected to drop to 31.5% in 2026 and 24.7% in 2027. Globally, the organization slightly increased its 2026 economic growth forecast to 2.9%, up from the June projection of 2.8%, due to global economic expansion of 3.4% in 2025.
Brief written by urgent.news from Jerusalem Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
