Turkey GDP Growth Weakest Since 2020
Agriculture and information services led gains as growth slowed for a fourth straight quarter, while Reuters polls had forecast 2.9% expansion.
- Turkey's economy expanded 2.3% year-on-year in the second quarter, marking a six-year low and the fourth consecutive quarter of slowing growth, the Turkish Statistical Institute reported on Monday.
- The 2.3% expansion fell short of a 2.9% forecast in a Reuters poll, while the government's medium-term programme projected 3.8% growth for 2026.
- Agriculture, forestry, and fishing sectors led activity with 13.3% growth, while information and communication expanded 8.6%, contributing to a 1.1 percent quarter-on-quarter increase.
- Revised data showed 2025 growth at 3.7% rather than 3.6%, while first-quarter 2026 growth was adjusted upward to 2.6% from 2.5%.
- A new medium-term programme is scheduled for announcement on September 7, according to reporting by Nevzat Devranoglu, Ebru Tuncay, and Daren Butler.
27 Articles
27 Articles
Reformatorisch Dagblad
The Turkish economy grew more strongly than expected in the second quarter of 2026, despite the economic consequences of the war in the Middle East. Gross domestic product (GDP), the measure of economic growth, rose by 1.1 percent compared to the first quarter, the Turkish statistical office reported.
Turkish economy grows 2.3% yr-on-yr in Q2, below forecast
ANKARA, Aug 31 (Reuters) - Turkey's economy expanded 2.3% year-on-year in the second quarter, official data showed on Monday, less than forecast, with growth slowing for the fourth consecutive quarter. Second-quarter gross domestic product (GDP) grew...
Turkey ' s economy grew by 2.3 per cent in annual terms in the second quarter, according to the Turkish Institute for Statistics (TurkStat).
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