Turkey's Q1 GDP Rises 0.1%, Missing 0.3% Forecast as Iran War Risks Spur Tightening
Updated
Updated · Bloomberg · Jun 1
Turkey's Q1 GDP Rises 0.1%, Missing 0.3% Forecast as Iran War Risks Spur Tightening
6 articles · Updated · Bloomberg · Jun 1
Turkey’s economy expanded just 0.1% from the previous quarter in Q1, down from 0.4% in Q4 and below every estimate in a Bloomberg survey.
The miss came as the central bank tightened monetary policy to contain risks tied to the Iran war, which has added pressure through higher energy costs and inflation concerns.
Annual growth still reached 2.5%, but the economy slowed for a third straight quarter, underscoring weakening momentum across early 2026.
The data lands ahead of closely watched June releases on inflation and the central bank’s June 11 rate decision, both key to Turkey’s policy and market outlook.
With its industry shrinking and inflation soaring, can Turkey’s economic plan survive the aftershocks of the Iran war?
After depleting its advanced missile stockpiles in Iran, how will the U.S. manage its next major military crisis?