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🇹🇷 Turkey /Economy & Trade

İYİ Party attacks medium-term program: ‘Raising inflation forecasts is incompetence’

From Cumhuriyet · () Turkish

Translated from Turkish and summarized by DistantNews. Read the original for the full story.

At a glance

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  • İYİ Party deputy leader Erhan Usta criticized Turkey’s newly announced Medium-Term Program.
  • He said inflation had fallen by only 6.7 percentage points during Mehmet Şimşek’s 38 months in office and called the combination of lower growth and higher inflation forecasts incompetence.

İYİ Party deputy leader Erhan Usta has sharply criticized Turkey’s new Medium-Term Program, calling its economic projections a sign of incompetence.

Usta pointed to Treasury and Finance Minister Mehmet Şimşek’s 38 months in office and said inflation had fallen by only 6.7 percentage points during that period.

“Harming growth while raising the inflation forecast is plainly called incompetence,” Usta said. His criticism focused on the government’s decision to lower its growth expectations while increasing its inflation forecasts.

Harming growth while raising the inflation forecast is plainly called incompetence.

· Erhan UstaThe İYİ Party deputy leader criticized the new economic program’s lower growth and higher inflation projections.
About this summary

Originally published by Cumhuriyet in Turkish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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