Is the Turkish economy recovering and improving?

[retributor]

https://www.imf.org/external/datamapper/profile/TUR

Turkish GDP more than doubled from the 2020 low, growing nearly linearly from it's 2013 high of 962 billion. Turkish GDP is predicted to be at nearly 2 trillion by 2030.

The IMF predicts Turkish inflation rate to half from it's number in 2025, the Turkish inflation rate was halved from a 60% peak in 2024. Turkish inflation in the next 5 years is predicted to be under control and slightly above it's 2020 levels by both The World Bank and the IMF.

In the next 5 years Turkish GDP per capita (PPP) is predicted to be at the same level of Spain today.

Türkiye Sees Significant Surge in FDI in First Half of 2025

www.invest.gov.tr

Foreign Direct Investment (FDI) inflows to Türkiye surged in the first half of 2025, reaching USD 6.3 billion — a 27.1 percent increase compared to the same period in 2024, according to data from the Central Bank of the Republic of Türkiye (CBRT). As of June 2025, annualized FDI inflows stood at USD 13.1 billion, marking the highest annualized level since May 2023.

It seems like Turkey is undergoing an economic recovery and a incredibly fast growth with the IMF predicting a 3.5% yearly GDP growth. Can any Turkcels add onto this or enlighten me on the economic situation of Turkey?

 

[endoftheskies]

https://www.imf.org/external/datamapper/profile/TUR

View attachment 1630461

Turkish GDP more than doubled from the 2020 low, growing nearly linearly from it's 2013 high of 962 billion. Turkish GDP is predicted to be at nearly 2 trillion by 2030.

View attachment 1630462

The IMF predicts Turkish inflation rate to half from it's number in 2025, the Turkish inflation rate was halved from a 60% peak in 2024. Turkish inflation in the next 5 years is predicted to be under control and slightly above it's 2020 levels by both The World Bank and the IMF.

View attachment 1630465

In the next 5 years Turkish GDP per capita (PPP) is predicted to be at the same level of Spain today.

Türkiye Sees Significant Surge in FDI in First Half of 2025

www.invest.gov.tr

It seems like Turkey is undergoing an economic recovery and a incredibly fast growth with the IMF predicting a 3.5% yearly GDP growth. Can any Turkcels add onto this or enlighten me on the economic situation of Turkey?

Erdogan fucked our economy. But we never had an economy in the first place. More like hot potato.

 

[retributor]

Erdogan fucked our economy. But we never had an economy in the first place. More like hot potato.

Why is it growing so rapidly then? I vaguely know they hired some new minister, did he do economic reforms?

 

[endoftheskies]

Why is it growing so rapidly then? I vaguely know they hired some new minister, did he do economic reforms?

He brought back orthodoxed policies. Like all economic crises, the warning signs were there in 2014-2016.

 

[hatepilledandrich]

Why is it growing so rapidly then? I vaguely know they hired some new minister, did he do economic reforms?

normal fiscal policies, and they let their currency free flow, avoiding the common trap of goverment intervention. russian assets and oil helped too.