Turkey's economy slows for third quarter
Turkey's economy grew by 2.5% in the first quarter of 2026, despite a slowdown in growth for the third consecutive quarter, primarily impacted by the repercussions of the Iranian war and rising energy prices. Data showed that the information and technology sector experienced a growth rate of 9.5%, while the industrial sector contracted by 0.8%. Economists are monitoring the Central Bank's response to inflation, which reached 32.87% annually, with expectations that growth will slow to 2.7% in the first quarter.
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