ANKARA, June 1 (Xinhua) -- Trkiye'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 Trkiye following deceleration in most of 2025, it said.

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