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JPMorgan cuts Turkey growth forecast due to Middle East war impact
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JPMorgan cuts Turkey growth forecast due to Middle East war impact
May 1, 2026 2:22 AM

LONDON, May 1 (Reuters) - Investment bank JPMorgan cut

its forecast for Turkey's 2026 economic growth to 3.4%, from

4.0%, on Friday due to the impact of the ongoing Middle East

conflict.

The bank's analysts said indicators now pointed to a "broad

softening in activity" since the onset of the war in late

February, with the "real sector" confidence index declining

sharply alongside a weakening of consumer confidence.

The bank's new growth forecast is in line with the latest

International Monetary Fund projection published last month.

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