Vice President Cevdet Yilmaz said Türkiye expects economic growth to rise to 4.2% in 2027 from a projected 3.3% this year, supported by a better global outlook and a recovery in external demand. The 2027 budget proposal projects a shortfall of $78.1 billion, equal to 3.5% of GDP, or 2.8% excluding earthquake-related spending. Annual inflation, which fell below 30% in September, is forecast to reach 28.4% by the end of this year and decline to 21% by the end of 2027. The government also expects employment to rise by 657,000 next year and unemployment to fall to 8%.
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