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Turkey announces inflation targets in coming years to reach 4.9 percent

Turkey has announced a new roadmap for the economic program it aims to achieve over

the next few years until 2022. This came in the words of the Turkish Minister of Finance and Treasury, Prat Albayrak, in a press conference held on Monday, in Istanbul. The Turkish minister said that “despite the expectations of the Turkish economy to shrink, after the fluctuations of the value of the lira in August 2018, there are strong prospects for the economy to achieve positive growth this year.” He added that 2019 and 2020 are a period of equilibrium for the Turkish economy,

and that his country was able to succeed in a period when the global markets have experienced disruptions, according to ‘Anatolia’. He pointed to the strength of the infrastructure of his country’s economy, and its ability to restore its balance quickly after the attacks. He said the new economic plan targets 12% annual inflation by the end of 2019. He added that inflation targets for the next

three years in . Turkey would be 8.5% for 2020, 6% for 2021 and 4.9% for 2022.

In terms of growth, the Turkish minister

said the plan targets

a growth rate of 0.5% in 2019 and 3% in each of the following three years

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