Hakan Kara's Surprising Inflation Forecast: Important Data for 2025

Prof. Dr. Hakan Kara, the former Chief Economist of the Central Bank of the Republic of Turkey (CBRT) and a faculty member at Bilkent University, presented a remarkable inflation forecast.

In a statement on his social media account, he indicated that based on forecasts he made at the beginning of 2024, he predicted an inflation rate of 31.6% by the end of 2025. This prediction stands out as a significant insight derived from the examination of economic data.

Prof. Dr. Kara assessed the impacts of the current economic conditions in Turkey at that time and forecasted that there is a 65% probability that inflation would be around 28.4% and a 35% probability that it would reach approximately 37.5%. Thus, he argued that the weighted average forecast of 31.6% is a quite reasonable target. While making these analyses, the expert meticulously examined past data and comprehensively considered Turkey's economic cycle.

In addition to his 2025 end-year inflation forecast, when looking at Prof. Dr. Kara's insights from a broader perspective, it becomes evident that he provides clues about the dynamics of the Turkish economy and the policy strategies that the Central Bank should pursue. The expert emphasized how high inflation periods significantly affect Turkey's economic structure and demonstrated that he is knowledgeable about the measures the CBRT needs to take during this process.

Moreover, forecasts made in light of past data regarding today’s economic issues hold a critically important place for investors. In an era of increasing economic uncertainties, Prof. Dr. Hakan Kara’s predictions are significant for both market analysts and economic decision-makers.

In conclusion, these insights provided regarding inflation are being closely monitored for Turkey's economic future and play a decisive role in shaping the strategies of all relevant stakeholders. It will become clear over time how accurate Prof. Dr. Kara's forecasts will be as the process unfolds until 2025.