The Organisation for Economic Co-operation and Development has sharply increased its inflation forecasts for Turkey while lowering its growth expectations for both 2026 and 2027.
The OECD now projects headline inflation of 31.5 percent in 2026, up from its June estimate of 28.4 percent and above the latest projections issued by Turkish authorities.
Its inflation forecast for 2027 rose even more substantially, climbing to 24.7 percent from 18.3 percent in the organisation’s previous outlook.
At the same time, the OECD reduced Turkey’s expected economic growth to 2.7 percent for 2026 and 3.6 percent for 2027, marking a third downgrade to this year’s growth outlook.
Turkey’s dependence on imported energy and fertiliser continues to expose households and businesses to international price pressure, while tight financial conditions restrain domestic demand.
Despite the weaker figures, the organisation still expects disinflation to continue into 2027 after aggressive central-bank tightening helped pull annual price growth down from earlier peaks.
The revised outlook underlines the difficult balance facing policymakers: maintaining restrictive policy long enough to slow prices without causing a deeper loss of output and employment.
Source: Reuters, 23 September 2026.
Featured photo: Nedret Binici via Unsplash.
Zeynep Aziz is a social-affairs specialist, writer and advocate with advanced academic qualifications in both Social Sciences and International Relations. Her multidisciplinary education has given her a strong understanding of society, public policy, human rights and the political forces shaping Turkey’s domestic and international development.
For many years, Zeynep has been actively engaged in social affairs and initiatives supporting the rights and well-being of Turkish citizens. Her work pays particular attention to social equality, democratic participation and the protection of vulnerable and disadvantaged communities.
Women’s rights remain central to her interests and advocacy. She works to raise awareness of the challenges faced by women in Turkey, including discrimination, violence, unequal opportunities and barriers to full participation in political, professional and social life. She strongly supports women’s empowerment, equal access to education and employment, and effective legal protection for women and girls.
Alongside her social work, Zeynep closely follows Turkey’s international relations and foreign policy. She takes a keen interest in Turkey’s relations with Europe, neighbouring countries and international institutions, as well as the impact of regional and global developments on Turkish society.
Through her writing and public engagement, Zeynep seeks to encourage informed discussion, strengthen respect for human rights and contribute to a fairer, more democratic and inclusive Turkey.
Zeynep Aziz
