Turkey's inflation expectation raised to 41.5%

Turkey's inflation expectation raised to 41.5%
© Photo: Maria Novoselova / Vestnik Kavkaza

The Turkish government revised inflation expectations to 41.5% for this year and 17.5% for 2025 and 9.7% in 2026, Turkey's Vice President Cevdet Yılmaz said.

According to him, inflation is expected to fall to 7% in 2027.

"Last year's growth realized at 5.1%, according to revised data of TurkStat. Due to geopolitical risks in the region, we revised this year's growth expectation to 3.5% from the 4% we announced last year," Yılmaz said.

He also announced they expected the economy to grow 4% in 2025 and 4.5% in 2026, slightly lowering it from last year's expectations of 4.5% and 5.0%.

Yılmaz said Türkiye expects the disinflation process that began in June to continue in September and beyond. According to him, the fall in annual inflation to 52% in August showed the disinflation process had started to take effect.

2640 views
We use cookies and collect personal data through Yandex.Metrica in order to provide you with the best possible experience on our website.