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The Organization for Economic Co-operation and Development (OECD) lowered its growth forecasts for Turkey.
The OECD lowered Turkey’s economic growth forecast for 2022 from 5.4% to 5.3% in September. It also raised its global economic growth forecast from 3% to 3.1%.
The OECD kept its 2023 growth targets unchanged for the Turkish economy and the global economy at 3% and 2.2% respectively.