Yılmaz said that the Turkish economy will grow by 3.7 percent in 2025, and they expect a growth of 3.3 percent in 2026. He stated that within the scope of the Medium Term Program, it is aimed to increase growth gradually and reach 5 percent in 2029.
Touching on inflation, Yılmaz stated that inflation peaked in mid-2024 and decreased to 31.5 percent in August. Yılmaz stated that there was a downward trend in inflation, but this decrease followed a horizontal course due to wars. Stating that wars have an effect of approximately 7 points on inflation, according to Central Bank calculations, Yılmaz said that Türkiye is more affected by this effect due to its high dependence on energy and fossil fuel imports.
Yılmaz noted that the downward trend continues in items that are not affected by wars and that they expect this trend to continue as the temporary effects disappear.
"OUR MACROECONOMIC FOUNDATIONS ARE SOLID"
Making evaluations about Türkiye's financial structure, Yılmaz said that the ratio of budget deficit to national income this year will be approximately 3.1 percent. Stating that approximately 5.4 trillion liras were spent in the last four years after the earthquakes, Yılmaz stated that the current account deficit has been below 2 percent in recent years and is expected to be 2.6 percent this year. Stating that the effect of wars on the current account deficit is approximately 0.7 points, Yılmaz said that when the war effect is excluded, the rate remains below 2 percent.
Yılmaz stated that the banking system is strong, capital adequacy ratios are above minimum levels and reserves are in good condition, and that although there are fluctuations in the financial markets, the general picture is positive.
THE PROBLEM IN CAPITAL MARKETS IS TEMPORARY
Referring to the current situation in the capital markets in his statement on financial markets, Yılmaz said that there is a general improvement in the markets, but there are problems in a certain area of the capital markets.
Yılmaz stated that the necessary administrative and judicial measures have been taken and emphasized that this is a temporary problem.
"Our macroeconomic fundamentals are solid, there is no problem in our economy."
Yılmaz made the following statements regarding capital markets:
"The structure of our capital markets is also quite healthy. But we have a temporary problem. Necessary administrative and judicial measures have been taken and continue to be taken. When we overcome this temporary problem, our capital markets will continue on their way strongly."
"COST OF TERROR TO THE ECONOMY IS AT LEAST 2.3 TRILLION DOLLARS"
Yılmaz also touched upon the importance of security and peace in terms of development and democracy. "There can be neither development nor democracy where there is no security and peace," said Yılmaz, adding that the economic cost of the terrorism problem, which has been on Türkiye's agenda for more than 40 years, is at least 2.3 trillion dollars, including direct, indirect and opportunity costs.
Regarding the "Terror-Free Türkiye" process, Yılmaz stated that the relevant regulation was accepted in the Turkish Grand National Assembly with 467 votes and that the process proceeded in two stages. He stated that in the first stage, the laying down of weapons and dissolution of the organization is envisaged, and in the second stage, it is envisaged that the process will progress with the confirmation of the National Security Council after the verification in the field.
Stating that the Turkish Grand National Assembly will monitor the process, Yılmaz said that the work of the relevant sub-commissions continues and the process continues.
