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Turkey's Finance Minister Predicts Inflation Below 30% by 2025

9/18/2025

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Summary

Story summary

Turkish Treasury and Finance Minister Mehmet Simsek forecasts inflation will fall below 30% by the end of 2025.
He emphasized Türkiye's export strength, with 62% directed to countries with free trade agreements.
The defense industry aims to rank among the top 10 global exporters, driven by increased defense spending.
Türkiye maintains a manageable debt ratio of 92%, lower than global averages.
The government targets a budget deficit of 3.5% of GDP and aims for inflation to reach 16% by the end of 2026.

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Story summary

Turkish Treasury and Finance Minister Mehmet Simsek forecasts inflation will fall below 30% by the end of 2025.
He emphasized Türkiye's export strength, with 62% directed to countries with free trade agreements.
The defense industry aims to rank among the top 10 global exporters, driven by increased defense spending.
Türkiye maintains a manageable debt ratio of 92%, lower than global averages.
The government targets a budget deficit of 3.5% of GDP and aims for inflation to reach 16% by the end of 2026.