The Organization for Economic Co-operation and Development (OECD) has lowered its growth expectations for the Turkish economy in 2024 and 2025.

According to the “Economic Outlook” report published by the OECD, the growth expectation for 2024 was reduced from 3.4% to 3.2%, and the expectation for 2025 was reduced from 3.2% to 3.1%.

The inflation forecast for this year was revised up by 0.5 to 56.0%, while the expectation for 2025 was determined to be 29.1% with a 0.2 increase.

The core inflation forecast was increased from 57.5% to 58.1% for 2024, and from 28.7% to 28.9% for 2025.