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According to TUIK data, the Turkish economy grew by 2.5% year-on-year in the first quarter of 2026. The information and communication sector recorded the strongest growth at 9.5%, while the industrial sector contracted by 0.8%.
JP Morgan has closed its core overweight position in the Turkish Lira, which generated a 55% return since September 2023. The bank has now shifted to a short-term tactical approach. Details, risks, and market expectations are in our report.
The ongoing war involving the U.S., Israel and Iran has already cost global companies more than $25 billion. Rising oil prices, aviation losses and supply chain disruptions are increasing fears of a new global inflation wave.
Doruk Mining workers have launched a sit-in protest in Ankara, calling on all of Turkey to support their struggle for their rights. The miners, demanding their unpaid wages and severance, are urging the public to stand with them.