Turkey targets 5.5 percent growth rate until 2020: PM

ANKARA - Anadolu Agency

Turkey aims to hit annual economic growth of 5.5 percent until 2020 in its medium-term economic program, Prime Minister Binali Yıldırım said on Sept. 25.        

Yıldırım also said the government forecasts the unemployment rate to be 10.8 percent for this year, 10.5 percent in 2018, 9.9 percent in 2019 and 9.6 percent in 2020.        

After expanding 3.2 percent in 2016, the Turkish economy posted 5.2 percent and 5.1 percent growth in the first and second quarters of 2017, according to Turkish Statistical Institute (TÜİK) data released on Sept. 11.        
The inflation rate is predicted at 9.5 percent in 2017, 7 percent in 2018, 6 percent in 2019 and 5 percent in 2020.        

Details of the new medium-term economic program will be announced on Sept. 27 by Deputy Prime Minister Mehmet Şimşek.