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Turkey Targets Single-Digit Inflation by 2027 Amid Economic Rebound

9/9/2025

24 6 Full Breakdown

Summary

Story summary

Turkey's Medium-Term Program (MTP) aims to reduce inflation from 28.5% in 2025 to single digits by 2027.
Economic growth is expected to slow to 3.3% in 2025, then rebound to 5% by 2028.
Tourism revenues may reach $75 billion and exports could rise to $308.5 billion by 2028.
Unemployment is projected to stabilize at 8.5% in 2025 and 2026.
The budget deficit may widen to TL 2.81 trillion by 2028, emphasizing fiscal discipline.

History

Historical Context

Turkey's economic crisis in 2001 led to a staggering 36% inflation rate and a $19 billion IMF bailout. The Justice and Development Party implemented reforms that stabilized the economy, reducing inflation from 54.2% in 2001 to around 8.8% by 2007. Today, Turkey aims to lower inflation from 28.5% in 2025 to single digits by 2027, reflecting lessons from past crises.

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Story summary

Turkey's Medium-Term Program (MTP) aims to reduce inflation from 28.5% in 2025 to single digits by 2027.
Economic growth is expected to slow to 3.3% in 2025, then rebound to 5% by 2028.
Tourism revenues may reach $75 billion and exports could rise to $308.5 billion by 2028.
Unemployment is projected to stabilize at 8.5% in 2025 and 2026.
The budget deficit may widen to TL 2.81 trillion by 2028, emphasizing fiscal discipline.

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