• The 5-year Development Plan covering the years 2024-2028 was presented to Parliament, Ekonomi report. During the plan's period, it is aimed that the growth rate will be 5% annually on average, 5 million additional jobs will be provided and the unemployment rate will decrease to 7.5%.
  • In addition, it was emphasised that the Central Bank would continue to use all available tools to achieve the single-digit inflation target, and it was noted that the floating exchange rate regime would be maintained and financial stability would be ensured to support the economy by observing price stability.
  • In addition, a more understandable, open and transparent communication strategy will be followed in the fight against inflation, and expectations will be managed more effectively.
See the full plan (in Turkish) here.

TURKEY: 5-Year Development Plan Presented to Parliament

Last updated at:Oct-16 15:43By: Hiren Ravji
  • The 5-year Development Plan covering the years 2024-2028 was presented to Parliament, Ekonomi report. During the plan's period, it is aimed that the growth rate will be 5% annually on average, 5 million additional jobs will be provided and the unemployment rate will decrease to 7.5%.
  • In addition, it was emphasised that the Central Bank would continue to use all available tools to achieve the single-digit inflation target, and it was noted that the floating exchange rate regime would be maintained and financial stability would be ensured to support the economy by observing price stability.
  • In addition, a more understandable, open and transparent communication strategy will be followed in the fight against inflation, and expectations will be managed more effectively.
See the full plan (in Turkish) here.