ANKARA (Reuters) – Turkey’s government raised its annual inflation forecast to 65% for this year and 33% next year, while also trimming economic growth forecasts to 4.4% this year and 4% next year, according to its medium-term programme published on Wednesday.
Vice President Cevdet Yilmaz said at the presentation that “single-digit” inflation would be achieved in the medium term and that, as economic policies are adjusted, Ankara would not sacrifice jobs nor economic growth.
(Reporting by Huseyin Hayatsever, Ezgi Erkoyun and Daren Butler; Writing by Jonathan Spicer; Editing by Christina Fincher)