The Turkish government yesterday launched its medium-term programme (MTP) for 2026-28 that aims at raising its gross domestic product (GDP) by 3.3 per cent this year, 3.8 per cent in the next, 4.3 per cent in 2027 and 5 per cent in 2028.
The government expects inflation to be 28.5 per cent by the end of this year, 16 per cent in 2026, 9 per cent in 2027 and 8 per cent in 2028.
The budget deficit is projected to be 3.5 per cent of the country's GDP in 2026 and 2.8 per cent at the end of the programme period.
The MTP projects unemployment rate to be 8.5 per cent at the end of this year, with a target of 8.4 per cent for next year, 8.2 per cent for 2027 and 7.8 per cent for 2028.
Exports are expected to hit $273.8 billion by 2025 end, with targets of $282 billion in 2026, $294 billion in 2027 and $308.5 billion by the end of the programme, domestic media outlets reported.
Imports are projected to reach $367 billion by the end of this year, $378 billion in 2026, $393 billion in 2027 and $410.5 billion in 2028.
The MTP aims at improving macroeconomic and financial stability, maintaining fiscal discipline and ensuring price stability by reducing inflation to single digits.
ALCHEMPro News Desk (DS)
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