Türkiye Outlines New 2027-2029 Medium-Term Program
27 Articles
27 Articles
Turkey projected annual inflation to fall to 28.4 per cent at the end of the current year, falling to 21 per cent in 2027 and 13.5 per cent in 2028, to 9 per cent in 2029.
According to the Medium-Term Economic Program (OVP) for the period 2027-2029, announced by Vice President Cevdet Yılmaz, the inflation target for 2026 has been set at 28.4 percent. This rate exceeds the Central Bank's latest estimate of 28 percent; for the target to be met, total inflation in the last four months of the year must not exceed 5.2 percent.
The Medium-Term Program (MTP) for the period 2027-2029, which will determine the macroeconomic targets of the Turkish economy for the next three years, from inflation to growth, exports to employment, was announced to the public by Vice President Cevdet Yılmaz. Yılmaz stated: "Our growth forecast for 2026 is 3.3 percent..."
The Turkish government has revised its GDP forecast for the country for 2026 and 2027, according to Vice President Cevdet Yilmaz. While authorities previously expected the country’s economy to grow by 3.8 percent in 2026, they now predict growth of 3.3 percent. The forecast for 2027 has also been reduced from 4.3 percent to 4.2 percent. […]
Vice President Cevdet Yılmaz announced that within the scope of the Medium-Term Program (MTP) covering the period 2027-2029, they aim to reduce inflation to 21 percent in 2027, 13.5 percent in 2028, and 9 percent in 2029. Yılmaz also stated that they have updated their growth forecast for 2026 to 3.3 percent and their year-end inflation forecast to 28.4 percent.
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