Economic growth refers to the increase in the production of goods and services in an economy over a specific period, typically measured by the rise in real Gross Domestic Product (GDP). It reflects the improvement in a country’s economic performance and is often associated with factors such as increased productivity, technological advancements, improved workforce skills, and greater capital investment. Economic growth is considered a vital indicator of economic health, leading to higher living standards, job creation, and increased national income. However, it can also bring challenges, such as income inequality, environmental degradation, and inflation if not managed sustainably.
Turkey's economic outlook is adjusting, with a consistent trend of lowering inflation forecasts for 2025, now at 28.04%. GDP growth projections for 2025 have improved slightly to 3.1%, with a…