Turkish Vice President Cevdet Yılmaz delivered a comprehensive speech on economic achievements and plans to address inflation during an iftar dinner in Elazığ.
Despite recent challenges, including earthquakes, Yılmaz emphasized the Turkish economy's resilience, noting a growth rate of 4.5 percent even after the earthquake last February.
Exports played a crucial role in this success, reaching $256 billion, while tourism revenue surpassed $54 billion, showcasing Türkiye's appeal to international visitors.
Yılmaz addressed concerns about the budget deficit, assuring the public that it had been reduced to 5.2 percent from an anticipated 10 percent.
Celebrating a milestone in employment, Yılmaz announced that over 32 million individuals were employed by the end of last year, highlighting the government's commitment to job creation.
However, Yılmaz acknowledged the challenge of inflation, outlining plans to address it. He projected significant decreases in inflation starting from June and July, aiming to reach around 15 percent by 2025 and single-digit figures by 2026.
Yılmaz credited President Erdogan's strong leadership for these positive economic forecasts and stressed the government's systematic approach to achieving stability. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
At the Export Mobilization Summit, Turkey's Trade Minister Ömer Bolat announced promising export data for the first quarter of 2024, expressing optimism for record-breaking figures in May.
Türkiye's Minister of Treasury and Finance, Mehmet Şimşek, has announced promising developments in the nation's economic programme, particularly concerning inflation expectations.
The Turkish Statistical Institute (TURKSTAT) released its latest labor market data today, offering encouraging signs of progress.
The number of paid employees in Türkiye increased by 2.6% year-over-year in March 2024, according to the Turkish Statistical Institute.