OECD raises Turkey inflation forecast, trims growth outlook
GDANSK: The Organisation for Economic Co-operation and Development (OECD) on Wednesday sharply raised its 2026 and 2027 inflation forecasts for Turkey, while also cutting its economic growth projections for both years. In its latest economic outlook, the OECD raised its headline inflation forecast for Turkey to 31.5percent for 2026 from 28.4percent in June, placing it above Turkish authorities’…
The Organisation for Economic Co-operation and Development (OECD) has significantly revised its economic outlook for Turkey in its latest report. The OECD has increased its 2026 and 2027 inflation forecasts for Turkey, indicating a more challenging economic environment for the country. The inflation forecast for 2026 has risen to 31.5 percent from 28.4 percent in June, surpassing the projections set by Turkish authorities.
Similarly, the 2027 inflation forecast has been raised to 24.7 percent from 18.3 percent. The OECD has also lowered Turkey's economic growth projections for both 2026 and 2027, from 3.1 percent to 2.7 percent in 2026 and from 3.8 percent to 3.6 percent in 2027, marking the third downgrade of Turkey's growth outlook this year. Despite energy and fertilizer costs acting as a headwind, the OECD anticipates Turkey's inflation to gradually decline, with disinflation expected to persist into 2027.
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