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The European Commission emphasized in its latest report that the decline in inflation in Turkey is expected to continue. REPORT ON "TURKISH ECONOMY" FROM THE EUROPEAN COMMISSIONThe European Commission's report titled "European Economic Forecasts Autumn 2024" has been published. The report includes evaluations regarding the Turkish economy, with notable statements about it. The report stated, "The tight policy stance is expected to continue affecting domestic demand." "CONTINUATION OF THE DECLINE IN INFLATION IS FORECASTED"The report reminded that inflation in Turkey has been declining since May, stating, "With the decrease in inflation expectations, the continuation of the decline in inflation is forecasted." It was noted in the report that with the reduction of expenditures related to the earthquake, a decrease in the public deficit is expected, and that public debt will remain at a moderate level. "4% GROWTH" FORECAST FOR THE TURKISH ECONOMYDespite the high uncertainty environment, the report indicated that disinflation and economic balancing will continue, stating, "The Turkish economy has managed very high geopolitical risks and uncertainties well so far." The report forecasted that the Turkish economy will grow by 3% in 2024, 3.2% in 2025, and 4% in 2026.
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