Turkey hikes year-end inflation forecast to 65%

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Ankara (Reuters) – Turkey’s government raised its annual inflation forecast to 65% for this year and 33% next year, while also trimming economic growth forecasts to 4.4% this year and 4% next year, according to its medium-term programme published on Wednesday.

Vice President Cevdet Yilmaz said at the presentation that “single-digit” inflation would be achieved in the medium term and that, as economic policies are adjusted, Ankara would not sacrifice jobs nor economic growth.

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