Mahfi Eğilmez Evaluates the 2027-2029 MTP Period
Renowned economist Mahfi Eğilmez stated that the new Medium-Term Program has been prepared more realistically compared to previous years, though it contains certain delicate balances.
Economist Mahfi Eğilmez evaluated the new Medium-Term Program covering the 2027-2029 period, analyzing its general structure and the risks it entails.
General Outlook of the Program
The Medium-Term Program for the 2027-2029 period announced by the government has sparked widespread resonance in economic circles and started being scrutinized by experts.
Growth and Inflation Forecasts
It was stated that the growth and inflation forecasts exhibit an internally consistent structure, with inflation expected to drop gradually to the 9 percent level by 2029.
Growth Path and Potential
It is projected that the Turkish economy will trend below its potential growth rate over the next four-year process and will only be able to reach this level again in 2029.
Budget Balance and Election Economics
It was noted that the budget deficit is expected to grow and the primary surplus to decrease for the year 2027, and this picture brings the possibility of election economics to the agenda.
Exchange Rate and Deflator Relationship
It was emphasized that the most challenging target and delicate balance in the program is keeping the relationship between the exchange rate and the deflator at the projected level.
Need for Structural Reforms
It was stated that structural reforms must be urgently implemented in order to eliminate the pressure on the exchange rate and achieve the targeted economic successes.