IMF revises Turkey's 2026 growth forecast downward
The International Monetary Fund lowered Turkey's 2026 growth rate to 2.7 percent within the scope of the World Economic Outlook Report, while revising the global forecast upward.
The International Monetary Fund reduced Turkey's growth expectation for 2026 from 2.9 percent to 2.7 percent in the October issue of its published World Economic Outlook Report. Meanwhile, the global economic growth forecast was raised from 3 percent to 3.1 percent.
Turkey's 2026 Growth Expectation Lowered
The International Monetary Fund revised Turkey's economic growth forecast for 2026 downward from its previous level of 2.9 percent to 2.7 percent.
The Fund expects the Turkish economy to record a growth rate of 3.6 percent in 2027 and kept its expectation for this year unchanged.
Global Economic Growth Forecast Raised
The IMF announced that it increased its global economic growth forecast for 2026 from the 3 percent level to 3.1 percent.
The world economy is projected to grow by 3.4 percent in 2027.
Details on Inflation and Global Outlook
The report estimated that year-end inflation in Turkey will be 31.2 percent in 2026 and 26.5 percent in 2027.
Global headline inflation is expected to rise to 4.7 percent in 2026 due to the impact of temporary increases in energy and food prices, and decline to 4.1 percent in 2027.