Turkey's Minister of Finance announces Turkey will fall behind growth target

Turkey's Minister of Treasury and Finance and President Erdoğan's son-in-law Berat Albayrak has announced a "new economic program" starting from 2020
Monday, 30 September 2019 19:45

Treasury and Finance Minister Berat Albayrak, son-in-law of President Tayyip Erdoğan, has announced a New Economy Program, which includes forecasts for the next three years. Albayrak announced that the main theme of this year's program would be 'Transformation Begins'.

"If we have the ideal of a strong Turkish economy, it is impossible without lowering the inflation below 5 percent," Albayrak said. He also announced that Turkey will fall behind the growth target set for this year.

An economic program was also announced right after the transition to the Presidential System. While almost no target in the initial economic program was realized, experts think that the new package will also be ineffective.