ISTANBUL (Reuters) -Turkey’s economy is expected to have grown by 4.1% in the second quarter and by 2.9% for 2025 as a whole, well lower than government forecasts, a Reuters poll showed on Friday.

The big emerging market economy expanded by 2% in the first quarter and 3.2% in 2024 a whole.

Estimates of 10 economists in the Reuters poll ranged from 2.2% to 4.5% for the second quarter, with a median of 4.1% gross domestic product (GDP) growth.

They see an expansion of 2.9% this year, slightly lower than last year, the poll showed, reflecting the effects of monetary tightening that began in mid-2023 and has only started to ease a bit this year.

The government forecasts 4% growth this year.

In December, the central bank started cutting after having kept the main policy rate steady for eig

See Full Page