Turkey plans to enter the top 6 largest economies in Europe by the end of 2025 and take the 16th place in the world, Vice President Cevdet Yilmaz said at the presentation of the medium-term economic program for 2026-2028. According to the forecasts of the authorities, the country's economy will grow by 3.8% in 2026, 4.3% in 2027 and 5% in 2028. Yilmaz stressed that the pressure on global inflation, including Turkey, is exerted by the prices of raw materials and energy resources. He also noted that after the transition period in June 2024, a steady process of disinflation began in the country. Since then, inflation has decreased by 42.5 percentage points, and in August the indicator dropped to 32.95% from 33.52% in July. The independent ENAG group estimated the annual price increase to be significantly higher, at 65.49%.
