This is evidenced by the latest report on global structured finance of the international rating agency Moody’s, dedicated to the forecasts of economic growth and inflation in the G-20 countries. The Indian economy will grow by 6.4% in 2026 and by 6.5% in 2027, the agency believes.
Another Asian hegemon, China, will have a slightly lower growth rate according to Moody’s forecast. This year its gross product will grow by 5%, in 2026 GDP growth will be estimated at 4.5%, and in 2027 it is projected to decrease to 4.2%.
Of the other G-20 nations, Turkey’s economy, which experienced a serious crisis a couple of years ago, is showing good recovery rates. Moody’s forecasts Turkey’s GDP growth of 3.2% in 2025 and 3.4% in 2026. By the end of 2027, it is expected to increase by another 0.1 percentage point to 3.5%.
In addition, the agency expects inflation in Turkey to reach 35% in 2025 with a possible deviation of ±2 percentage points, to decline to 22% in 2026 and to 18.5% in 2027. It is worth recalling that at the peak of the crisis, inflation in Turkey in 2022 amounted to 72.3%, dropping to 53.9% at the end of 2023 and slightly increasing to 58.5% in 2024.
Of the other G-20 nations, Moody’s forecasts the US economy to grow by 2% this year, followed by 1.8% in 2026 and 1.9% in 2027.
For Eurozone countries, the growth forecast is 1.1% this year, 1.3% in 2026 and 1.4% in 2027.
