Erdoğan forecasts 4.2% economic growth in 2027

Erdoğan stated that the government expects the Turkish economy to grow by 3.3% in 2026, with growth accelerating to 4.2% in 2027. He said an anticipated improvement in the global economic outlook and external demand would support economic expansion. Erdoğan also projected that employment would increase by 657,000 people next year, the labor force participation rate would rise to 53.4%, and the unemployment rate would decline to 8%.

Addressing the 2027 central government budget, Erdoğan announced projected expenditures of TL 27.276 trillion and revenues of TL 23.408 trillion. He stated that TL 2.849 trillion had been allocated to investments, TL 3.747 trillion to education, including higher education, and a total of TL 3.454 trillion to defense and security spending. Erdoğan emphasized that sustaining economic growth and increasing employment remain among the government's key priorities.