Message about inflation to foreign investors from Cevdet Yılmaz

Vice President Cevdet Yılmaz met with foreign investors in London. Yılmaz emphasized that the decrease in inflation will continue in Turkey. Vice President Cevdet Yılmaz presented Turkey’s economic outlook to foreign investors in London, highlighting that the decrease in inflation will persist. Yılmaz stated, “Balanced growth composition, decreasing current account deficit, rising confidence, improving expectations, and accelerating external resource inflows are significant contributors to the decrease in inflation. The service sector is fundamentally driving inflation up. Therefore, we will focus more on the service sector in our program.” Speaking at the Turkey and Surrounding Private Equity Investments 2025 Outlook Conference organized by Globalturk Capital at the London Stock Exchange, Yılmaz noted that balancing the economy and consistent monetary policies will play a critical role in reducing inflation to single digits at the end of the Program. Yılmaz emphasized the expected growth of 3.5% in the Turkish economy in 2024, stating, “This year, we expect our economy’s export-oriented growth strategy to strengthen, gradually increasing exports.” Yılmaz indicated that the trend of decreasing in the 5-year CDS risk premium is expected to continue. Vice President Yılmaz stated, “The main objective of our foreign investment strategy is to attract investments supporting high value, green, and digital transformation, technology-focused, and skilled workforce. We aim to increase Turkey’s share of global capital in high-quality investments from the current 1% to 1.5% by 2028.”