The Turkish Economy refers to the economic system and activities of Turkey, characterized by a mix of modern industry and commerce, along with a traditional agricultural sector. It is a developing market economy that has experienced significant growth and transformation since the late 20th century, especially following economic reforms in the 1980s. Key sectors include manufacturing, services, and agriculture, with important exports consisting of textiles, automotive products, electronics, and agricultural goods. The Turkish economy is also marked by its geographical position at the crossroads of Europe and Asia, influencing trade and commerce. Economic management is overseen by various government institutions, including the Ministry of Treasury and Finance, and the central bank. Challenges such as inflation, currency fluctuations, and external debt have also impacted the economy’s stability and growth trajectory. Overall, the Turkish economy is dynamic, with ongoing efforts to integrate further into global markets.
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…