EBRD lowers Turkey growth forecast


The European Bank for Reconstruction and Development (EBRD) lowered Turkey’s growth expectation for 2022 by 1.5 percentage points to 2 percent. He announced that the growth expectation for 2023 is 3.5 percent.

Explaining its estimations about the economies of the 40 countries in which it operates, the EBRD stated that Turkey is one of the countries facing difficulties due to the increase in energy and grain import costs.

EBRD also stated that the pressure on the economy will increase due to the decrease in tourism revenues from Russia and Ukraine.

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