Core Points - Turkey's government has announced an economic plan for 2026-2028, focusing on balanced growth, price stability, resilience, and sustainable prosperity [1][3] - The GDP growth targets for the next three years are set at 3.8% for 2026, 4.3% for 2027, and 5% for 2028, with inflation expected to decrease from 16% in 2026 to 8% in 2028 [1][2] - The current account deficit as a percentage of GDP is projected to decline from 1.3% in 2026 to 1% in 2028, indicating a policy direction towards strengthening external balance [1] Economic Indicators - The economic growth rate for 2025 is estimated at 3.3%, with an inflation rate of 28.5% and a current account deficit of approximately 1.4% of GDP [1] - Tourism revenue is expected to rise from $64 billion in 2023 to $75 billion by 2028, while exports are projected to increase from $273.8 billion to $308.5 billion [1] Structural Reforms - The plan outlines key structural reforms, including digital transformation, development of high-value-added industries, green economy initiatives, and improved agricultural productivity [2] - Six financial and price stability reform measures will be implemented to create a more robust financial system, aligning price formation mechanisms with inflation levels [2] Inflation Control - The Turkish Vice President emphasized that combating inflation remains a primary goal, with significant progress noted since the implementation of tight monetary and fiscal policies [2] - The annual inflation rate has decreased by 42.5% since June 2024, with the latest data showing a decline to 32.95% in August, marking the 15th consecutive month of decline [2]

Core Viewpoint - The Central Bank of Russia indicates that the economy is continuing on the path to balanced growth, while maintaining a tight monetary policy in the long term. Domestic demand growth is showing signs of slowing down [1] Group 1 - The Central Bank of Russia emphasizes the ongoing recovery towards balanced economic growth [1] - Long-term monetary policy will remain tight to support economic stability [1] - There is a noticeable slowdown in domestic demand growth, which could impact future economic performance [1]