Comment from President Erdoğan on the Cost of Living

02.09.2025 23:50

After his visit to China, President Erdoğan answered questions from the press and made noteworthy comments about the state of the economy. Stating, "We believe that we will complete the year with a figure in line with our targets for inflation," Erdoğan added, "Our sincere struggle against the cost of living is truly yielding results, and this will continue strongly."

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President Recep Tayyip Erdoğan answered questions from the press after his visit to China. Giving important messages about the economy, Erdoğan stated that the decline in inflation continues, saying, "Our sincere struggle against the high cost of living is really yielding results and will continue strongly."

Emphasizing that recent developments are progressing as planned, Erdoğan said, "The developments in the economy are positive. Especially in the last 2-3 months, we have entered a strong, positive cycle again. Although some internal and external developments in the March-June period affected us, they are behind us. Growth in the second quarter was 4.8%. We see very strong growth in all sectors except agriculture," he stated.

"UNEMPLOYMENT IN SINGLE DIGITS, RESERVES AT RECORD LEVELS"

President Erdoğan also shared the following information regarding economic indicators:

• Unemployment rates are in single digits,



• Reserves have exceeded 178 billion dollars, reaching a record level,



• The decline in inflation has also improved financial conditions,



• He emphasized that the Treasury's borrowing interest rates and risk premiums have decreased.

"WE CAN ENTER THE HIGH-INCOME COUNTRY GROUP"

Referring to the per capita national income, Erdoğan stated that Turkey has a high probability of entering the high-income country group according to the World Bank's definition this year.

"THE STRUGGLE AGAINST THE HIGH COST OF LIVING WILL CONTINUE"

Stating that they expect to close the year with figures in line with the targets for inflation, Erdoğan said, "On one hand, we are growing, and on the other hand, unemployment and inflation are decreasing. Financial concerns are behind us. With God's permission, this positive cycle will continue," he expressed.