Türkiye's economic growth slows to 2.5 pct in Q1 amid shrinking exports

Türkiye's economic growth slowed to 2.5 percent year-on-year in the first quarter, as a fall in exports weighed on overall activity, according to official data released Monday.

The growth rate, released by the Turkish Statistical Institute (TurkStat), slowed from 3.4 percent in the previous quarter and came in below market expectations of 2.7 percent.

Exports of goods and services contracted 12.7 percent in the January-March period compared with a year earlier, TurkStat said.

This partly overlapped with the regional conflict involving the United States, Israel and Iran, which drove energy prices sharply higher and rekindled inflationary pressures in Türkiye following deceleration in most of 2025, it said.

According to TurkStat, Türkiye's economy expanded by 3.6 percent in 2025.

Türkiye's economic growth slows to 2.5 pct in Q1 amid shrinking exports

Beijing continues to swelter in a heatwave that began on Saturday, with temperatures reaching 35 degrees Celsius again on Tuesday, though a cooler and rainy weather is expected in the coming days.

Thunderstorms are forecast for most parts of Beijing on Tuesday evening, along with gusts reaching force seven to eight in some areas, the Beijing meteorological observatory said, issuing a yellow thunderstorm warning at 11:10 on that day.

The next two days will see more rains and lower temperatures, bringing relief to the citizens from the prolonged heat, according to the observatory.

Heatwave continues to scorch Beijing