Director of the European Department of the International Monetary Fund (IMF) Alfred Kammer said that in the second half of last year a strong impetus was seen in the growth of the Turkish economy, which led to a revision of the growth forecast of the country’s economy for this year.
As part of the spring meetings of the IMF and the World Bank, a press conference on economies in the European region was organized.
answering the question of an ANADOLA agency about the predictions of the growth of the Turkish economy, Cummer said: “What we see in growth indicators is to a certain extent a continuation of a very strong impulse in the second half of 2024, which led to a revision of growth forecasting towards increasing. This is a slight increase, but it is important from the point of view of compensation for the negative impact of tariffs and tariffs and tariffs and it uncertainty for prospects “.
He noted that the anti -inflationary program of the Turkish government is moving forward, and the economic team implements a disinflation program.
Alfred Kammer added that the disinflation process should be faster, and for this it is necessary to tighten the macroeconomic policy. The main basis for this is the tightening of fiscal policy.
“The longer the disinflation program lasts, the longer the economy remains fragile and vulnerable to unforeseen shocks. Therefore, the disinflation program must be accelerated, and the cornerstone of this is tightening the fiscal policy,” the economist explained.
In his report “Prospects for the development of the world economy”, published on April 22, the IMF has slightly increased the prognosis of the growth of the Turkish economy for this year, while retaining the growth forecast for the next year without changes.
The report notes that the growth of the Turkish economy is expected to reach 2.7 percent in 2025 and will accelerate to 3.2 percent in 2026 thanks to recent changes in the direction of monetary policy.
In his forecasts published in January, the IMF predicted that the growth of the Turkish economy would be 2.6 percent this year and 3.2 percent in the following.