{"id":118556,"date":"2025-09-08T21:07:48","date_gmt":"2025-09-08T17:07:48","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118556"},"modified":"2025-09-08T21:08:41","modified_gmt":"2025-09-08T17:08:41","slug":"turkiyes-economic-outlook-inflation-growth-and-currency","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/turkiyes-economic-outlook-inflation-growth-and-currency\/09\/08\/market-updates\/","title":{"rendered":"T\u00fcrkiye\u2019s Economic Outlook: Inflation, Growth, and Currency"},"content":{"rendered":"\n<p>The government of the Republic of T\u00fcrkiye has released its annual medium-term economic program, outlining its strategy to combat inflation and manage economic growth. The plan projects a gradual decline in inflation, targeting a drop to 28.5% this year, 16% in 2026, and finally reaching single digits in 2027\u2014a year later than previously anticipated.<br> <br><strong>Growth Policies and Currency<br><\/strong><br>The economic forecast includes a period of slower growth, with a projected 3.3% increase in 2025. This deceleration is a direct result of the country&#8217;s tight monetary policy, which is expected to help bring inflation under control before growth rebounds to around 5% in 2028. A key element of this strategy is a floating currency regime, though authorities maintain they will intervene to smooth out &#8220;extreme&#8221; fluctuations in the exchange rate. As of today, the Turkish lira has been trading at approximately 41.26 per U.S. dollar, continuing a trend of depreciation that has seen its value fall by over 21% in the past year.<br> <br><strong>Additional Projections<br><\/strong><br>The program also outlined several other economic targets, including an increase in tourism revenue from $64 billion this year to $75 billion by 2028, and a rise in exports from $273.8 billion to $308.5 billion over the same period. The unemployment rate is forecast to remain at 8.5% for the next two years, and the current account deficit is expected to narrow from $22.6 billion in 2025 to $18.5 billion in 2028.<br><br>These projections reflect the Republic of T\u00fcrkiye&#8217;s ongoing effort to stabilize its economy after a years-long crisis marked by soaring prices and a devaluing currency. Since mid-2023, the country has shifted its economic policy, implementing significant interest rate hikes before beginning an easing cycle in July. This change in direction has been crucial in the government&#8217;s pursuit of a more stable economic future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government of the Republic of T\u00fcrkiye has released its annual medium-term economic program, outlining its strategy to combat inflation and manage economic growth. The plan projects a gradual decline in inflation, targeting a drop to 28.5% this year, 16% in 2026, and finally reaching single digits in 2027\u2014a year later than previously anticipated. Growth &hellip;<\/p>\n","protected":false},"author":13,"featured_media":70432,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-118556","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118556"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118556\/revisions"}],"predecessor-version":[{"id":118562,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118556\/revisions\/118562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70432"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}