Summary
Turkey's new deputy prime minister in charge of the economy said Tuesday that growth and inflation would miss government targets this year but the political uncertainty which has hammered the lira would ease after a November election.
In his first interview since taking office less than two weeks ago, Cevdet Yilmaz told Reuters growth may reach 3 percent in 2015, short of the official 4 percent target, but broadly in line with market expectations.
A Reuters poll published in July forecast growth of 2.9 percent this year and 3.4 percent next, below the government targets of 4 and 5 percent respectively.
Yilmaz – one of the architects of Turkey's "medium-term economic programs," the three-year policy roadmaps it renews each year – took over from Ali Babacan, who had overseen the economy for the best part of a decade and was highly regarded by international investors.
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