Turkey unveils three-year economic roadmap with new inflation and growth forecasts
Turkey' s Vice President, Cevdet Yılmaz, has unveiled the country' s Medium-Term Programme (OVP) for the period 2027–2029.
This programme serves as a three-year economic roadmap that establishes macroeconomic targets for Turkey.
Yılmaz also presented updated forecasts for 2026, including revised figures for growth, industrial expansion, and inflation.
Regarding the new estimates for 2026, the overall growth forecast has been adjusted upwards to 3.3 per cent, while the projection for industrial growth has been revised downwards to 2.3 per cent.
These figures provide a snapshot of expected economic development, indicating that the contribution of the industrial sector is anticipated to be slightly lower than previously assumed. A significant change is the inflation forecast for the end of 2026, which has risen to 28.4 per cent.
Such high inflation remains a central challenge for Turkish households and businesses, as it directly impacts purchasing power and operating costs, highlighting the necessity for stable economic measures.
The medium-term programme covers a broad range of economic areas, including inflation, economic growth, exports, and employment.
The purpose of the programme is to provide a clear direction for Turkey’s economic policy in the coming years.
By setting distinct targets, the government seeks to create stability and predictability within the market.
These new forecasts will have direct consequences for the Turkish business sector and the daily lives of its citizens.
Trends in growth and inflation are vital to the investment climate, job creation, and the general cost of goods and services; therefore, the programme acts as an essential tool for steering Turkey’s economic future.
Source: Haberglobal
