World Bank shares 3-year growth forecasts for the Turkish economy
According to the report published by the World Bank, the Turkish economy is expected to grow by 2.8 percent this year, 3.8 percent in 2027, and 4.5 percent in 2028.
The latest regional economic reports prepared by the World Bank included the growth rates expected to be recorded by the Turkish economy over the next three-year period and evaluated the country's economic outlook.
Regional Economic Reports Published
The World Bank shared its comprehensive regional economic reports regarding economies in different parts of the world with the public. Among these reports, the Europe and Central Asia Economic Update report drew attention.
Economic Resilience in the Region
The report emphasized that developing economies in the Europe and Central Asia region continue to demonstrate economic resilience despite high energy prices, slowing growth, and rising global uncertainties.
Expectation of Slowdown in Growth Pace
The details recorded in the report included that the regional economic growth rate is expected to slow down this year and decline from the 2.6 percent level in 2025 to 2.2 percent in 2026.
Three-Year Forecasts for Turkey
In the report where expectations for the Turkish economy were also shared, it was reported that the country is projected to grow by 2.8 percent this year, 3.8 percent next year, and 4.5 percent in 2028.
Effects of Tight Policies
The report explicitly stated that tight economic policies and increases in imported energy prices are expected to slow down economic growth in Turkey this year.
Contribution to Regional Recovery
It was conveyed that thanks to the growth performance Turkey will achieve in 2027 and 2028, it is expected to make a significant contribution to the regional recovery process.