The Economic Cooperation and Development Organization (OECD) increased its growth forecast for the Turkish economy to 3.1 percent.
OECD published the interim economic view Report titled “Guidance in Uncertainty”.
Accordingly, OECD estimated that the Turkish economy grew by 3.2 percent in 2024.
The institution increased the economic growth forecast for Türkiye from the previous 2.6 percent to 3.1 percent, while the economy would grow by 3.9 percent in 2026.
OECD estimated that inflation in Türkiye will be at the level of 31.4 percent this year, and at the end of 2026, inflation will decrease to 17.1 percent.
Growth in the US economy will slow down in 2026
The institution revised the global economic growth forecast for this year to 3.1 percent by down to 0.1 percent, while in 2026, global economic growth would be 3 percent.
It was estimated that the growth of 2.2 percent in the US this year will slow down to 1.6 percent in 2026, while in the Euro Region, 1 percent in this year and 1.2 percent in 2026.
OECD shared the expectation that the Chinese economy will grow by 4.8 percent this year and 4.4 percent in 2026.
OECD Secretary General Mathias Cormann, in his assessment of the data, the global economy in the stable way, the continuity of inflation, the decline in inflation is very resistant, he added.
However, Cormann noted that some signs of weakness occur due to increasing policy uncertainties. He said.
