Turkey's economy expanded 2.0% in the first quarter of the year, below expectations, official data showed on Friday.

Turkey's economy is expected to have grown by 2.3% in the first quarter and by 3% for 2025 as a whole, lower than government ...

ISTANBUL - Turkey's economy grew 3.0% year-on-year in the fourth quarter ... reflecting the effect of a series of sharp interest rate hikes that started in mid-2023. The central bank raised its ...

Turkey’s economy sank into a recession over the summer, with economic activity squeezed by high interest rates as the country’s central bank sought to tame inflation. Gross domestic product ...

ISTANBUL — Turkey’s central bank raised its key interest rate by 3.5 percentage points on Thursday, halting a three‑month easing streak as it confronts stubborn inflation, financial ...