Türkiye to Unveil 2027-2029 Economic Road Map in Early September as Markets Eye 2.8% Q2 Growth
Updated
Updated · Daily Sabah · Aug 30
Türkiye to Unveil 2027-2029 Economic Road Map in Early September as Markets Eye 2.8% Q2 Growth
1 articles · Updated · Daily Sabah · Aug 30
Summary
Vice President Cevdet Yılmaz said the updated Medium-Term Program will be released in the first week of September, setting 2027-2029 targets for growth, inflation, employment, exports and the current account.
Aug. 31 starts a packed data run, with economists expecting second-quarter GDP growth of 2.8% after 2.5% in the first quarter, alongside July labor-market figures.
Sept. 3 brings August trade and inflation data after July exports hit a record $25.6 billion and annual consumer inflation stood at 31.75%; officials say disinflation is continuing.
The central bank follows with a Sept. 10 rate decision after holding its policy rate at 37%, while markets see its resumption of weekly auctions as a step toward eventual easing.
The program and data calendar arrive as sentiment improves: economic confidence rose above 100 in August and Türkiye's sovereign CDS fell to about 217 basis points.
Can the upcoming Medium-Term Program truly tame Türkiye's cost of living crisis without triggering a massive surge in unemployment?
Will Türkiye's central bank risk a September rate cut to save fragile industries, or will stubborn inflation force a tighter grip?
As foreign home purchases soar, what hidden vulnerabilities might Türkiye's impending data blitz reveal beneath the surface of improving market confidence?