World Bank Raises Turkey’s Growth Forecast | Minister Şimşek: We Will Continue Our Policies with Determination

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Improved Economic Outlook for Turkey in 2025

The World Bank has recently revised its economic projections for Turkey, increasing its growth forecast for the year 2025 by an impressive 0.5 percentage points. This upward adjustment reflects renewed confidence in Turkey’s economic trajectory amid global uncertainties.

Minister of Treasury and Finance Mehmet Şimşek responded to this positive development by emphasizing the government’s commitment to maintaining robust economic policies. He stated, “We will continue steadfastly with our strategies that lay the groundwork for sustainable and high-quality growth.”

Insights from the World Bank’s Global Economic Outlook

Şimşek shared his thoughts via his social media channels, highlighting that the World Bank’s latest report indicates a broader shift in global economic sentiment. Notably, the Bank has lowered growth forecasts for approximately 70% of other economies in 2025, yet Turkey stands out with its improved outlook.

He added, “Our confidence in the ongoing economic reforms and stability measures has been reflected in this positive revision. We are dedicated to reinforcing the foundations for long-term, sustainable growth through targeted policies and strategic investments.”

Context and Future Outlook

This development underscores Turkey’s resilience and proactive economic management in an increasingly volatile global environment. The government remains focused on implementing policies that foster investor confidence, protect domestic markets, and stimulate sustainable development for the years ahead.

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