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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, the Turkish Statistical Institute reported on Monday, with growth slowing for the fourth consecutive quarter.
- The 2.3% growth figure fell short of the 2.9% forecast in a Reuters poll, while government projections targeted 3.8% expansion for 2026.
- Agriculture, forestry, and fishing sectors led activity with 13.3% growth, while information and communication expanded 8.6%, contributing to quarter-on-quarter growth of 1.1 percent.
- 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 will be announced on September 7, according to reporting by Nevzat Devranoglu, Ebru Tuncay, and Daren Butler.
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39 Articles
39 Articles
Turkish economy grows less-than-forecast 2.3% in Q2 as domestic demand shrinks
Turkey's economy expanded 2.3% year-on-year in the second quarter, data showed on Monday, below forecasts as domestic demand shrank amid tight monetary policy and the Iran war impact.
·London, United Kingdom
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Reformatorisch Dagblad+2 Reposted by 2 other sources
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.
·Apeldoorn, Netherlands (Kingdom of the)
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Coverage Details
Total News Sources39
Leaning Left1Leaning Right6Center5Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
C 42%
R 50%
Factuality
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