Turkish economy grows 2.3% yr-on-yr in Q2, below forecast
Tweet
Share
E-mail
People shop at a green market in Istanbul, Turkey, October 22, 2025. REUTERS/Dilara Senkaya
ANKARA, Aug 31 (Reuters) - Turkey's economy expanded 2.3% year-on-year in the second quarter, official data showed on Monday, less than forecast, with growth slowing for the fourth consecutive quarter.
Second-quarter gross domestic product (GDP) grew 1.1% from the previous quarter on a seasonally and calendar-adjusted basis, Turkish Statistical Institute data showed.
In a Reuters poll, economic growth was estimated to have grown by 2.9% in the second quarter and was forecast to expand by 3.05% in 2026.
The strongest growth by activity was shown by agriculture, forestry and fishing, which expanded 13.3% , while information and communication grew 8.6%, the data showed.
Growth in 2025 was revised to 3.7% from 3.6%, while first quarter growth was revised to 2.6% from 2.5%, the data showed.
The government's current medium-term programme projected growth of 3.8% in 2026. A new medium-term programme will be announced on September 7.
(Reporting by Nevzat Devranoglu and Ebru Tuncay; Editing by Daren Butler)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UAE says forces dealt with drone coming from Iran, condemns attack as dangerous escalation
- Factbox-Italy's revolving-door governments — the numbers behind the instability
- Europe stocks edge lower as oil jumps; monthly gain in sight
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
