By Akin Nazli in Belgrade Turkey’s official gross domestic product (GDP) expanded by 2.0% y/y in 1Q25 after growing 3.0% y/y in 4Q24, the Turkish Statistical Institute (TUIK, or TurkStat), said ...

The potential economic effects of the earthquake in Turkey could result in a loss of up to 1% of the country's gross domestic product this year, the European Bank for Reconstruction and ...

Turkey's economy grew 3.0% year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.2%, official data showed on Friday, exceeding forecasts despite the weight of high interest rates.

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 ...