Activity ends 2025 on a weak note

TURKEY - Report 02 Mar 2026 by Murat Ucer

The Turkish economy grew by 3.4%, y/y, in the final quarter of 2025, slightly below expectations of 3.6%, and down from 3.8% in Q3. In calendar- and seasonally-adjusted terms, economic activity seems to have lost quite a bit of momentum sequentially, rising at a modest 0.4%, q/q, which, incidentally, marks the weakest quarterly expansion in the past six quarters.

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