30-05-2025
Turkish Economy Grew 2.0% in Q1, Below Forecasts
Türkiye's economy expanded 2.0% in the first quarter of the year, below expectations, official data showed on Friday.
First-quarter gross domestic product (GDP) grew 1.0% from the previous quarter on a seasonally and calendar-adjusted basis, data from the Turkish Statistical Institute showed.
In a Reuters poll, the economy was forecast to have expanded 2.3% in the first quarter. The poll predicted growth of 3% in 2025 as a whole.
The Turkish Statistical Institute data also said that Türkiye's unemployment rate rose 0.6 percentage points month-on-month to 8.6% in April.
Data showed the labor force participation rate dipped 0.2 percentage points to 53.4% while a seasonally adjusted measure of labor under-utilization increased 3.4 percentage points to 32.2%.
