OECD Boosts Turkiye’s Growth Forecast to 3.4% for 2024, Predicts 55.5% Inflation

OECD increased its growth forecast for Turkiye for 2024 from 2.9% to 3.4%. The organization announced its year-end inflation expectation as 55.5%.

The Organization for Economic Co-operation and Development (OECD) increased its Turkiye and global growth forecast for 2024 and 2025.

In its report published today, OECD revised its 2024 global growth forecast to 3.1% from the 2.9% announced in February.

OECD increased its 2024 forecast for Turkiye from 2.9% to 3.4%.

The organization increased its 2025 growth forecast for the Turkish economy from 3.1% to 3.2% and for the global economy from 3% to 3.2%.

OECD predicts that inflation in Turkiye will be 55.5% on average in 2024 and 28.9% in 2025.

Source: NTV / Prepared by Irem Yildiz

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