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[BUSINESS] · Türkiye · 100 sources

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Turkey unveils 2027-2029 Medium Term Program economic roadmap

Turkish Vice President Cevdet Yılmaz has announced the 2027-2029 Medium Term Program (OVP), outlining a strategic roadmap for the nation's economy. The program focuses on achieving price stability through a rigorous disinflation process. The year-end inflation forecast for 2026 has been revised upward to 28.4%, with targets set at 21% for 2027, 13.5% for 2028, and 9% for 2029.

Economic growth projections have also been updated. Growth is expected to be 3.3% in 2026, rising to 4.2% in 2027, 4.6% in 2028, and reaching 5% by 2029. The program aims to drive national income beyond $1.8 trillion by the end of 2026 and eventually exceed $2.2 trillion by the end of the program period. Additionally, the government targets total goods and services exports to reach $450 billion.

On the labor front, the program seeks to create approximately 2.1 million additional jobs, with unemployment projected to fall to 7.6% by 2029. The government also highlighted fiscal discipline, noting that public savings measures have already reduced the budget share of certain consumption items from 4.6% to 2.9% as of late 2025. The program also addresses sector-specific goals, including health service improvements and digital transformation.

Entities

Central Bank of the Republic of Türkiye · Cevdet Yılmaz · Fatih Karahan · Mehmet Şimşek · Ministry of Treasury and Finance · Presidency of Strategy and Budget · Presidency of the Republic of Türkiye · Recep Tayyip Erdoğan · Republic of Türkiye · Strategy and Budget Presidency · Turkey

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Sources

5 days ago
Bakan Şimşek'ten OVP mesajı! [www.gazetearena.com]
6 days ago
SON ÜÇ YILDA NE OLACAK? [kahramanmarasgazetesi.com.tr]
5 days ago
5 days ago
Pembe hedefler tepetaklak [www.sozcu.com.tr]
5 days ago
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