The Vice President Yılmaz spoke confidently about inflation: "We will not mention it from this date onward."

Vice President Cevdet Yılmaz stated, "By the middle of next year, especially as we reach the autumn period, we will largely no longer be talking about inflation."

VICE PRESIDENT YILMAZ'S STATEMENT ON "INFLATION"

Vice President Cevdet Yılmaz attended the "Denizli Business World Meeting" held at the Nihat Zeybekci Congress and Culture Center. Speaking here, Yılmaz stated that there is no contradiction between growth and inflation in the medium and long term, and that during the periods when inflation was at its lowest in Turkey's history, the growth rate was at its highest. Emphasizing that reducing inflation is very valuable both for growth and socially, Yılmaz reported that the Turkish economy grew by 3.8% in the first six months of the year.

"GROWTH EXPECTATION FOR NEXT YEAR IS AROUND 4%"

Yılmaz indicated that they expect growth to be around 4% next year, and that they aim for a performance above the world average with growth rates of 4.5% and 5% in 2026 and 2027, respectively, predicting that the national income will exceed 1.3 trillion dollars by the end of this year.

"WE WILL NOT BE TALKING ABOUT INFLATION BY THE MIDDLE OF NEXT YEAR"

Yılmaz reported that they anticipate exports to reach 264 billion dollars by the end of the year, stating that as of November 8, the Currency Protected Deposit (KKM) has fallen to 37.9 billion dollars, while gross reserves have reached 157.3 billion dollars. Noting that inflation has decreased by 27 points in 4 months, Yılmaz said, "We expect this trend to continue in the upcoming period. By the middle of next year, especially as we reach the autumn period, we will largely no longer be talking about inflation."

Yılmaz mentioned that they managed to keep the budget deficit to 5.2% of national income last year, and that they expect a figure around 4.9% this year, expressing that the impact of earthquake expenditures on the budget is temporary. He stated that they foresee a budget deficit of around 3% next year, and that they predict a budget deficit below 3% in the following years, indicating that they will follow a path returning to Turkey's historical averages in this regard.