The International Monetary Fund (IMF) published the October issue of the World Economic Outlook Report.
The report stated that the global economy is expected to grow 3.1 percent in 2026 and 3.4 percent in 2027.
In July, the IMF predicted that global growth would be 3 percent in 2026 and 3.4 percent in 2027. The forecasts in April were 3.1 percent and 3.2 percent, respectively.
Türkiye'S GROWTH FORECAST HAS BEEN REDUCED
The IMF revised its 2026 growth forecast for the Turkish economy downwards.
The 2026 growth expectation, which was announced as 2.9 percent in July, was reduced to 2.7 percent.
The 3.6 percent growth forecast for 2027 was not changed.
The report stated that the year-end inflation in Turkey is expected to be 31.2 percent in 2026 and 26.5 percent in 2027.
AN INCREASE EXPECTATION IN GLOBAL INFLATION
The IMF expects global headline inflation to rise to 4.7 percent in 2026, driven by temporary increases in energy and food prices.
It is estimated that global inflation will decrease to 4.1 percent in 2027.
The report emphasized that the global economy remains resilient, but this outlook is not evenly distributed among countries.
It was noted that despite the ongoing war and trade tensions in West Asia, economic activity in the first half of 2026 was above expectations.
It was stated that the technology cycle led by artificial intelligence investments is one of the factors supporting global demand.
WEST ASIA WARNING FROM IMF
The report stated that global economic risks are predominantly downward.
It was warned that energy and food prices may remain at high levels if the conflicts in West Asia prolong or the tension escalates further.
It was stated that such a scenario could increase inflationary pressures, disrupt financial and external balances, and reduce global growth.
EURO ZONE FORECAST HAS BEEN INCREASED
While the IMF maintained its 2026 growth forecast for the US economy at 2.3 percent, it increased its 2027 expectation from 2.2 percent to 2.3 percent.
The 2026 growth forecast for the Eurozone was increased from 0.9 percent to 1.1 percent. The 2027 expectation was kept at 1.2 percent.
Germany's 2026 growth forecast was increased from 0.7 percent to 1.3 percent, and its 2027 forecast was increased from 1 percent to 1.1 percent.
Expectations for France have been lowered. The country's 2026 growth forecast was reduced from 0.6 percent to 0.4 percent, and its 2027 forecast was reduced from 0.9 percent to 0.7 percent.
Italy's 2026 growth expectation was increased from 0.5 percent to 0.8 percent, and its 2027 forecast was increased from 0.5 percent to 0.6 percent.
While Spain's 2026 growth forecast was increased from 2.1 percent to 2.5 percent, the 2027 expectation was left at 1.8 percent.
CHINA REVISED DOWN, INDIA UP
The IMF reduced its 2026 growth forecast for the Chinese economy from 4.6 percent to 4.5 percent and its 2027 forecast from 4.1 percent to 4 percent.
For India, expectations were revised upwards.
The country's 2026 growth forecast was increased from 6.4 percent to 7 percent, and its 2027 expectation was increased from 6.7 percent to 7 percent.
The growth forecast for the Russian economy was reduced from 1.1 percent to 0.9 percent for both 2026 and 2027.
