The Cost of Implemented Economic Policies is Getting Heavier: Unemployment and Execution Files are Increasing
While the burden brought by economic policies grows, investments in industry are slowing down and enforcement files have reached record levels.
While the cost of the government's economic policies continues to grow heavier, unemployment rates, citizens' bank debts, and the number of files in enforcement offices are rapidly increasing, while the industry faces the danger of premature deindustrialization.
The Heavy Cost of Economic Policies
The cost of the economic policies pursued by the government with the goal of reducing inflation is being felt more and more each day across different segments of society.
Latest Data on the Labor Market
According to the July labor force statistics by the Turkish Statistical Institute, the number of unemployed increased by 150 thousand people in July, reaching 2 million 860 thousand, and the unemployment rate became 8.1 percent.
Youth Population and Idle Labor Force
According to the released data, the unemployment rate among the youth population rose to 14.5 percent, while the broadly defined idle labor force rate was recorded at 30.6 percent.
Increase in Enforcement and Bankruptcy Files
Citizens' mounting economic hardships were also reflected in enforcement offices, and as of August 2026, the total number of enforcement and bankruptcy files in the country exceeded the 26 million threshold, reaching 26 million 78 thousand.
Bank Debts of the Elderly Population
Due to the high cost of living and insufficient pensions, 2.9 million citizens aged 56 and over were forced to borrow from banks.
Danger of Premature Deindustrialization in Industry
Industrialists state that factories are struggling to produce, investments are slowing down, and Turkey is facing the danger of premature deindustrialization in industry.