Turkey’s Economy Shows Signs of Deflation: Positive Effects of Medium-Term Program Emerging

Turkey’s Economy Coordination Council (EKK) has announced that the deflationary process, which began in June, is ongoing. This positive development is attributed to the implementation of the Medium-Term Program (OVP), which has been showing positive effects across various economic sectors. The EKK highlighted the balanced growth composition, increased export and tourism revenues, and a faster-than-expected decline in the current account deficit. Unemployment rates remain in single digits, while employment continues to rise.