21:32 - 4.06.2026

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June 4, Fineko/abc.az. Leading global investment banks Goldman Sachs and Citi have presented cautious assessments regarding the growth outlook of the Turkish economy.

ABC.AZ reports that Turkey's economic growth rate for the first quarter of 2026 came in at 2.5%, missing the expectations of both banks. Analysts from the financial institutions emphasize that external demand and domestic imbalances pose serious risks to economic growth, and the deceleration trend is likely to persist.

The primary drivers behind the weakening economic growth include:

• Sharp Decline in Exports: One of the main factors dragging down the first-quarter performance was a sharp drop in export volumes.

• Decelerating Economic Activity: The country is experiencing a general loss of momentum and speed across broader economic activity.

• Demand Imbalances: The fact that domestic demand remains more resilient compared to external demand is negatively impacting the foreign trade sector and the country's current account.

According to economists, the widening imbalance between domestic and external demand indicates that the slowdown in the Turkish economy will continue in the near term.