Cevdet Yılmaz: Revolutionary Steps in Increasing Confidence in the Economy

Cevdet Yılmaz: Positive Developments in the Economy Continue

Vice President Cevdet Yılmaz evaluated labor force data through the social media platform X. Yılmaz emphasized that the strong outlook in the labor market continues thanks to decisive steps taken towards the disinflation process, as well as structural measures aimed at supporting production, employment, investment, and exports.

Unemployment Rate at Record Low

According to seasonally adjusted data for December, the unemployment rate has decreased to 7.7 percent, the lowest level since 2005. This achievement has ensured that single-digit figures are maintained for the 32nd month.

Economic Resilience is Increasing

Cevdet Yılmaz noted that the decrease in risk premiums, improvement in credit rating outlook, completion of exit from KKM, and reserves reaching historic levels have increased the economy's resilience and made it more resistant to shocks. He stated, “Thanks to the gains we have achieved in our program, macroeconomic and financial stability is strengthening, and confidence in our economy is also reinforced.”

Goal to Increase Labor Force Participation and Employment

Cevdet Yılmaz expressed that they aim to further strengthen the economy by increasing labor force participation, especially among youth, women, and skilled labor, and by supporting employment in labor-intensive sectors. He also added that balanced and stable growth will increase investments and employment, thereby ensuring that social welfare is distributed fairly.