İYİ Party Criticizes Inflation and Growth in the Medium-Term Program

Serdar HocamAuthor & Editor

Erhan Usta harshly criticized the upward revision of inflation forecasts and the lowering of growth figures in the newly announced Medium-Term Program.

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İYİ Party Deputy Chairman Erhan Usta criticized the Medium-Term Program announced by Vice President Cevdet Yılmaz and Minister of Treasury and Finance Mehmet Şimşek, reacting to the increase in inflation forecasts.

Criticisms Directed at the Medium-Term Program

İYİ Party Deputy Chairman Erhan Usta announced to the public that he found the targets of the new Medium-Term Program announced by the economic administration insufficient.

Inflation Forecasts and Realized Rates

Stating that the targets announced last year were not met, Usta emphasized that the decline in inflation remained insufficient and end-of-year forecasts were revised upward.

International Comparisons and Excuses

Expressing that officials are producing excuses, Usta stated that even in some countries at war, inflation rates remain at much lower levels than in Turkey.

Growth Figures and Employment Data

Stating that growth figures have been revised downward within the scope of the program, Usta drew attention to the increase in the idle labor force rate and the deterioration of employment data.