Fitch raises Turkey's economic growth forecast

International credit rating agency Fitch Ratings has revised its economic growth expectations for Turkey upward in its September Global Economic Outlook Report. The report stated that the Turkish economy is projected to grow by 3.5 percent in 2026 and 4.2 percent in 2027.

GLOBAL ECONOMIC OUTLOOK

The report noted that global economic growth forecasts have also been revised upward in line with data that came in better than expected in the second quarter of 2025. However, it was noted that the world economy is expected to grow by 2.4 percent this year and 2.3 percent next year. This rate is projected to be 2.6 percent in 2027.

While the expectation of a slowdown in the US economy draws attention, the country's growth rate is estimated to be 1.6 percent this year and next year, and 2.1 percent in 2027. The Eurozone is expected to grow by 1.1 percent this year, while the Chinese economy is projected to grow by 4.7 percent this year.

In Turkey, it was stated that annual inflation continues to decline, and inflation is expected to fall to 28 percent by the end of 2025. The Central Bank of the Republic of Turkey is projected to cut its policy rate by a total of 800 basis points this year, finishing the year at the 35 percent level.

News Source: 12punto