Turkey Cuts Economic Target as Inflation Fight Curbs Growth
- Government unveils new economic forecasts for 2025-2027
- Negative impact of disinflation on growth is temporary: Simsek
A container ship in the Bosporus Strait in Istanbul.
Photographer: Nicole Tung/BloombergThis article is for subscribers only.
Turkey’s government trimmed its forecast for gross domestic product in 2025, saying it would have to make concessions on growth in the short-term in order to slow inflation.
The government’s medium-term program revised down its expectation for economic growth next year to 4% from 4.5%. That’s still well above the 3% seen in a Bloomberg survey of 26 economists.