Turkish Vice President Cevdet Yılmaz emphasized the government’s commitment to reducing inflation while maintaining sustainable economic growth, stating that the country’s economic program continues to produce positive results.
Speaking during a televised interview and at various economic meetings, Yılmaz said Türkiye expects a more favorable financial outlook in 2026, with inflation continuing to decline and growth remaining stable. He noted that the government’s disinflation strategy is being supported by selective policies aimed at protecting key industries and employment.
Yılmaz stated that sectors such as textiles, leather, furniture, and agriculture are receiving targeted support to minimize the impact of tight monetary policies. He added that exporters are benefiting from lower-cost financing compared with general market rates.
The vice president also stressed that Türkiye’s economy has demonstrated resilience despite global economic uncertainty, pandemics, earthquakes, and inflationary pressures. According to Yılmaz, the Turkish economy grew by around 30% between 2020 and 2024, compared with approximately 15% growth in the global economy during the same period.
Addressing inflation, Yılmaz said the government expects annual inflation to fall below 20% by the end of 2026. He pointed to measures targeting rental prices, private school fees, and food inflation as part of broader efforts to stabilize prices.
He also underlined the importance of financial stability, investment, exports, and technological transformation in achieving long-term economic growth. Yılmaz said foreign direct investment into Türkiye has continued to rise even as global investment flows weaken, reflecting confidence in the country’s economic outlook.
Source: Patronlar Dünyası/ Prepared by: İlayda Gök