Turkish economist assessed the feasibility of the new medium-term economic program

Turkey's new medium-term economic plan assumes a longer fight against inflation, while its goals are realistic but difficult to achieve, Turkish economic commentator Ozlem Tekindor told RIA Novosti.

“The goal still looks optimistic, but compared to the previous forecast, its level has become more realistic. But achieving them (goals - ed.) will be very, very difficult,” Tekindor believes.

According to her, the indicators included in the program indicate a longer period of fighting inflation. She believes single-digit price growth rates may not be achieved until 2030 or later.

“And the most difficult thing about the plan is that no one explains to us through what mechanisms the goals will be achieved. The reference to unpredictability creates an explanation in advance in case of failure to meet the set targets,” the expert said.

Turkish President Recep Tayyip Erdogan approved on Sunday the country's new medium-term program for 2027-2029, which calls for reducing inflation to 9% and accelerating economic growth to 5% by the end of the program period.

Earlier on Sunday, Turkish Vice President Cevdet Yilmaz said that under the program, authorities forecast inflation at 28.4% in 2026, up to 21% in 2027, 13.5% in 2028 and 9% in 2029.

At the same time, the inflation forecast for 2026 was raised to 28.4%. In the previous program, the authorities set the figure at 16%.