Türkiye revises medium-term inflation, growth forecasts

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Türkiye revises medium-term inflation, growth forecasts

STORY: Türkiye revises medium-term inflation, growth forecasts DATELINE: Sept. 7, 2023 LENGTH: 0:01:08 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference (courtesy of ihlas news agency) 2. various of the speech of Turkish Vice President Cevdet Yilmaz at the press conference (courtesy of Justice and Development Party) 3. various of the press conference (courtesy of ihlas news agency) 4. SOUNDBITE (Turkish): RECEP TAYYIP ERDOGAN, Turkish President (courtesy of ihlas news agency) STORYLINE: The Turkish government on Wednesday lowered its economic growth forecasts while raising its expected inflation rate for the upcoming three years in its annual Medium-Term Program. The country's economy is projected to grow 4 percent in 2024, 4.5 percent in 2025, and 5 percent in 2026, said Turkish Vice President Cevdet Yilmaz at a press conference during which he unveiled the program. The previous program announced in 2022 had set growth targets of 5 percent in 2023 and 5.5 percent in

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