European pump prices hit records as Iran war escalation drives oil higher
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Turkey’s full-year GDP growth in 2026 will come in below the official target, the country’s vice president Cevdet Yilmaz (@_cevdetyilmaz) said in a written statement after the release of the 2Q data.
"Taking into account the 2.5% growth performance realised in the first six months of the year, growth for 2026 overall is expected to materialise somewhat below the medium-term programme target," Yilmaz wrote.
“In an environment where uncertainties and geopolitical tensions in the global economy are intensifying, and growth expectations are being revised downward, our economy continues to sustain its dynamism and preserve its resilience,” he added.
On August 30, TurkStat (TUIK) said that Turkey’s official gross domestic product (GDP) expanded by 2.3% y/y in the second quarter of 2026. The 2025 GDP growth figure was revised up to 3.7% from 3.6%. On November 30, TUIK will release its 3Q26 data.
In September last year, Turkey’s government provided an official GDP growth target of 3.8% y/y for 2026 in its latest medium-term economic programme (OVP).
On September 2, Yilmaz also wrote on X that the government plans to release its new OVP on September 6.
“Within the framework of preparations for the medium-term program (OVP) covering the 2027-2029 period, we convened at the presidential complex with the umbrella organisations of our business world, our civil society organisations and our industrialists,” he added.
“In our consultation meeting, we listened to the expectations, views, and recommendations of our business world regarding the OVP, which will outline the roadmap for our economy over the next three years, its fundamental macroeconomic targets, policy framework, and structural reform agenda,” he also wrote.
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