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

Türkiye targets single digit inflation: vice president

STORY: Türkiye targets single digit inflation: vice president DATELINE: Aug. 12, 2023 LENGTH: 00:01:18 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Turkish Vice President Cevdet Yilmaz at the meeting with representatives of the finance sector 2. various of Istanbul, Türkiye 3. various of people shopping in supermarkets in Istanbul 4. various of Turkish Central Bank STORYLINE: Turkish Vice President Cevdet Yilmaz said on Friday the target of the government's medium-term economic program was to bring down the inflation from the current 47.83 percent to the single digits. Yilmaz made the remarks during a meeting with representatives of the finance sector in Türkiye's largest city, Istanbul. According to the Turkish statistics agency, Türkiye's annual inflation rose to 47.83 percent in July from 38.21 percent in June. The government downplayed concerns, describing this increase as a transitional process, adding that with the positive impact of the monetary policy stance, annual infla

Türkiye says to continue following free market principles, tackle inflation

STORY: Türkiye says to continue following free market principles, tackle inflation DATELINE: June 16, 2023 LENGTH: 00:01:34 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of meeting of Turkish Economic Coordination Board (courtesy of ihlas news agency) 2. various of Turkish Vice President Cevdet Yilmaz (courtesy of ihlas news agency) 3. various of people shopping in Türkiye 4. various of Turkish lira and U.S. dollar STORYLINE: Turkish Vice President Cevdet Yilmaz said on Thursday that the government would maintain existing monetary disciplines and follow free market rules while raising overall economic competitiveness and productivity to curb inflation. "We will take effective and determined steps in the fight against inflation, which we see as the main problem," Yilmaz said after presiding over the first meeting of the Economic Coordination Board after assuming office. "Within free market rules, we will continue to take steps to increase the competitiveness and efficiency of our economy," Yilma