Ministry of Finance's Official Statement on the T...
The official statement of the Ministry of Finance regarding the Turkish economy includes the following:
- The future of the Turkish lira and Turkey in 2023
- Projections for 2023 and predictions for the Turkish lira in 2023
- The Turkish lira\'s performance against the US dollar in 2023
- The expected decrease in the inflation rate from 8.9% in 2022 to 8% in 2023, 9% this year, and 5% next year. The percentage of current account deficit in Gross Domestic Product (GDP) is expected to decrease by 5.2% in one year. The budget deficit of the GDP is projected to decrease to 5.3% in 2023 and 2.2% in 2024.
- The unemployment rate reached 12% this year and is expected to decrease to 6% next year. As for the outlook of the Turkish economy, there are expectations of an increase in export volume in 2023. It is anticipated that the dollar will reach 242 billion by the end of 2023 and 255 billion by the end of the program.
- The future progress model for Turkey is projected for 2024, based on the year 2018. While discussing the future of Turkey\'s economy and the expectations for the lira in 2023 and 2024, the predictions for the Turkish dollar in one year in 2023 indicate the anticipated impact on the Turkish economy. It is expected that exports will reach 242 billion dollars in 2023. Turkey is facing a positive expectation as an emerging economy in 2023.