Challenges and Promising Indicators in the Turkish Economy

While the Turkish economy struggles with high inflation, cost of living, and difficulties in accessing financing, the increase in Central Bank reserves and strong production capacity indicate movement toward a more balanced footing.

Economic Challenges and Agenda

The Turkish economy has long been dominated by core problems such as high inflation, the cost of living, high loan costs, and a decline in citizens' purchasing power.

The difficulties faced by tradespeople in accessing financing and the strains encountered by citizens in their budgets are among the areas awaiting priority resolution by economic management.

Increase in Central Bank Reserves

Carrying great importance for financial stability, the total reserves of the Central Bank rose to approximately $188.8 billion in the week of August 21.

This reserve increase enhances the economy's resilience against external shocks while instilling confidence in the markets.

Fight Against Inflation and Targets

Although the Central Bank has raised its year-end 2026 inflation forecast to 28 percent, it continues to maintain lower targets for the years 2027 and 2028.

Making price increases predictable is of critical importance for business investments and citizens' budget planning.

Production and Export Capacity

Turkey possesses strong economic potential with a broad production base encompassing tourism, industry, agriculture, and service sectors.

Particularly in Antalya, tourism revenues, foreign visitor numbers, and service exports make noteworthy contributions to the country's economy.