Report
Research Team

Turkey: Government targets 2.3%, 3.5% GDP growth in 2019, 2020 – mid-term plan

• Plan prioritises economic balancing, fiscal discipline, industrial transformation to reduce CA deficit
• This year's growth forecast revised down to 3.8%
• Cabinet expects inflation to fall gradually to 6.0% at end-2021 from 20.8% at end-2018
• Budget deficit to remain below 2.0% of GDP in 2019-2021, primary surplus to improve gradually
• Programme targets TRY 76bn additional net budgetary income in 2019, mainly via spending cuts
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