+7 (701) 759 90 19
USD 432.64 EUR 505.02
RUB 5.47 CNY 64.7
News

Turkey unveils new economic program for 2021-2023

29 September 2020 21:07
Share in:
Turkey unveils new economic program for 2021-2023

ANKARA. KAZINFORM Turkey on Tuesday announced its new economic program for 2021-2023 based on themes of «new stabilization, new normal, and the new economy.»

Related news
New Zealand votes to legalize euthanasia, cans cannabis Pakistan fears 2nd wave amid rise in coronavirus cases Vietnam: Fatalities hit 16 due to Storm Molave

Speaking at the launching ceremony of the program in Istanbul, Treasury and Finance Minister Berat Albayrak said the Turkish economy is projected to grow 0.3% this year, Anadolu Agency reports.

The economic growth is expected to hover around 5% in 2022 and 2023, and to reach 5.8% in 2021 after deferred consumption and investments put into use and tourism revenues normalize.

«To reach our growth targets, we will focus on exports, value-added production, and employment as we've always done,» Albayrak said.

The unemployment rate is projected to reach 13.8% this year and 12.9% next year, according to the program.

Albayrak said the unemployment rate will gradually drop to 10.9% by 2023.

The government will implement policies for economic recovery during the post-pandemic period to support the labor market, he said.

Pointing to the importance of reducing inflation permanently to single digits for setting price stability, Albayrak said the program targeted a 10.5% inflation rate for this year.

«Inflation rate is forecast to stand at 8% by the end of 2021, and drop to 4.9% by the end of the program,» the finance minister stressed.



Share in:
+7
Send
Employees online
Editor
Nurmaganbetova Zhanna
Nurmaganbetova Zhanna
954-048
Editor
Kudrenok Tatyana
Kudrenok Tatyana
954-048
Editor
Seilkhanov Adlet
Seilkhanov Adlet
954-048

Archive