Ankara, Jan 10 (Reporter) The World Bank expects Turkey's economy to grow by 4.2% in 2023, 3.1% in 2024 and 3.9% in 2025, according to its latest Global Economic Prospects report. "Growth in Turkiye is forecast to moderate to 3.1 percent in 2024 before picking up to 3.9 percent in 2025. The outlook considers further monetary policy tightening and gradual fiscal consolidation," the report, released on Tuesday, read. The World Bank also believes that Turkey will see improved financial stability, rising net exports, greater support for exporters, and economic rebalancing in the coming years. Inflation will remain high in the first half of 2024 and gradually decline starting in the second half of the year, according to the report. Compared to the June 2023 projections, the World Bank has increased the estimated growth of Turkey’s GDP by 1 percentage point in 2023 and lowered the forecasts for 2024 and 2025 by 1.2 and 0.2 percentage points, respectively. Inflation in Turkey at the end of 2023 amounted to 64.77% per annum, accelerating from 61.98% in November, the Turkish Statistical Institute (TUIK) said, while the ENAG group of independent economists believes that inflation amounted to 127.21%. Turkish authorities expect inflation to fall by almost half to 34% by the end of 2024, Finance Minister Mehmet Simsek said last month. Meanwhile, Turkish Central Bank Governor Hafize Gaye Erkan said she expected inflation to accelerate to 65% in 2023 and slow to 36% in 2024 and 14% in 2025...////...