Live Updates > Live Update Details
2026-08-31 15:05:02
[Turkey's Q2 GDP Grows 2.3% Year-on-Year, Below Expectations; Full-Year Growth Forecast Revised Up to 3.7%] (1) Data from the Turkish Statistical Institute shows that GDP grew by 2.3% year-on-year in the second quarter of 2026, lower than the survey forecast of 2.9%; after seasonal and calendar adjustments, it grew by 1.1% quarter-on-quarter. (2) The Statistical Institute also revised its full-year GDP growth forecast for 2025 upward from 3.6% to 3.7%, and revised its Q1 year-on-year growth forecast upward from the initial value of 2.5% to 2.6%. (3) The slowdown in Q2 growth but the upward revision of the full-year forecast reflects a weakening of Turkey's economic growth momentum, but the revised data shows that last year's economic foundation was more solid than previously estimated. The market will focus on subsequent policy responses and inflation trends.
