Treasury and Finance Minister Berat Albayrak reveals Turkey’s new economic roadmap for the years 2020-2022 and set of policies targeting inflation, employment, growth and current account deficit
Turkish Treasury and Finance Minister Berat Albayrak speaks during launching meeting of Turkey's New Economic Program for 2020-2022, in Ankara, Turkey on September 30, 2019.
The inflation rate should be lowered below 5 percent for a strong Turkey ideal, Berat Albayrak said during his presentation of the new program in the capital Ankara. The country's inflation targets are set as 8.5 percent next year, 6 percent in 2021 and 4.9 percent in 2022, he added.Albayrak said Turkey’s year-end economic growth is expected to be 0.5 percent in 2019.Albayrak said the growth will also generate around one million new jobs per year during the 2020-2022 period to reduce the unemployment rate gradually.
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