15:45 - 28.02.2025

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February 28, Fineko/abc.az. The European Bank for Reconstruction & Development (EBRD) has maintained its forecast on Turkey's economic growth for 2025 at 3% without any changes.

ABC.AZ informs that the bank also forecasts growth rate of 3.5% in 2026.

The EBRD report highlights that weak reform momentum has played a significant role in the current slowdown.

Despite the global challenges, the EBRD maintained its estimate of Turkey's economic growth this year at 3%.

The bank's latest report says that tight monetary and fiscal policies have led to significant reduction in inflation and improvement in country's external situation.

Net exports increased, and the current account deficit showed a steady downward trend.