Turkish economy shows yearly growth in third quarter
Earlier in the year, growth stood at 2.5% in the first quarter and accelerated to 4.9% in the second. Prior to the new release, economists surveyed in recent reports had forecast Q3 growth at around 3.97%, with full-year expansion projected at roughly 3.49%.
Quarterly momentum continued as well, with GDP increasing 1.1% from the previous three-month period, though this marked a slowdown from the 1.6% rise recorded earlier.
Responding to the new results, Finance Minister Mehmet Simsek said that growth over the first nine months averaged 3.7%, and that Türkiye’s annualized national income has moved above $1.5 trillion. “We anticipate that growth will remain moderate in the last quarter and will slightly exceed the Medium-Term Program in 2025,” he stated.
Simsek added that economic activity is expected to improve further in 2026, supported by more favorable financial conditions and a healthier global environment. "We assess that growth will continue to support the decline in inflation," he said.
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