Prof. Dr. Cemal Zehir: The minimum wage can increase to a maximum of 25,000 lira with welfare share increases.

Professor Dr. Cemal Zehir, a faculty member at Yıldız Technical University, was a guest of journalist Abdurrahman Yazıcı on Haberler.com.

Prof. Dr. Cemal Zehir stated that Turkish-İş made a strong offer at the bargaining table, effectively starting the discussions on the minimum wage. However, he expressed that the employer side began negotiations with very low figures. Zehir announced that the minimum wage would start at 22,500 TL, shape around 23,000 TL, and reach a maximum of 25,000 TL. He mentioned that with the increase in the welfare share, a 30% increase could be realized.

"THE MARKET WILL REVIVE WITH THE FALL OF INTEREST RATES"

Zehir stated that a 250 basis point interest rate cut is expected from the Central Bank in December, expressing that the market could revive with the decrease in interest rates. However, he emphasized that the impact of the interest rate cut on investments would be limited, and a 2.5 point drop would not create an economic boom. He noted that the Fed aims to save the U.S. economy from recession by cutting interest rates twice by 2025.

"MY DOLLAR EXPECTATION FOR 2025 IS IN THE 42-44 TL RANGE, AND I EXPECT THE EURO TO BE IN THE 43-45 TL RANGE"

Zehir predicted that the gold ounce price would reach between 2,800 and 3,000 dollars in 2025, and he anticipated that the exchange rates would see the dollar in the 42-44 TL range and the euro in the 43-45 TL range. Zehir mentioned that Borsa Istanbul has been stagnant due to high interest rates, and that a decrease in interest rates could positively affect the stock market. He stated that these economic forecasts could guide investors.