OECD cuts Turkey’s economic growth forecast to 2.7% — Jerusalem Post

The Organisation for Economic Co-operation and Development has lowered its forecast for Turkey’s economic growth in 2026 to 2.7%. This will be the country’s lowest growth rate since 2020, the Jerusalem Post reports.

In its previous forecast, the OECD expected the Turkish economy to grow by 3.1% in 2026. The estimate for 2027 was also revised downward, from 3.8% to 3.6%.

Energy and fertilizer prices

The OECD linked the worsening outlook to the economic consequences of the war in Iran and higher energy and fertilizer prices. At the same time, the organization expects disinflation in Turkey to continue: inflation is projected at 31.5% in 2026 and 24.7% in 2027.

The easing of monetary policy in emerging-market countries, including Turkey and Brazil, is expected by the OECD to support economic growth.

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Global economic forecasts

The OECD slightly raised its global forecast for 2026 to 2.9%, which is 0.1 percentage points higher than its June estimate. In 2025, the global economy grew by 3.4%, according to the organization.

The forecast envisages U.S. economic growth of 2.2% in 2026 and 2.1% in 2027. The eurozone is expected to grow by 1% in both years, while China is forecast to grow by 4.5% and 4.2%, respectively. India is projected to record the highest growth rate this year, at 7.8%, while Saudi Arabia’s economy may contract by 1.8% due to lower oil production and exports.

The organization warned that a lasting settlement of the war in the Middle East remains a key factor for global prospects. Production disruptions have increased refining margins and intensified pressure on consumer prices, while uncertainty in energy markets persists.