Turkey's economy is expected to have expanded 2.6% in the third quarter due to slower domestic demand and the weight of tighter economic policies, a Reuters poll showed on Tuesday, with the rate seen cooling to 3% for the year as a whole.

Gross domestic product shrank by 0.2% on a quarterly basis between July and September, matching the contraction of the prior quarter, as high interest rates squeezed economic activity.

Economists in a Bloomberg survey were expecting annual growth of 2.5%. Gross domestic product shrank 0.2% quarter on quarter, unchanged from the revised figure in previous period, Turkey’s state statistics agency said on Friday.

Turkey's economy grew less than expected in the third quarter, expanding at an annual 2.1% rate, official data showed on Friday. Third-quarter gross domestic product (GDP) dipped 0.2% from the previous quarter on a seasonally and calendar-adjusted basis,