Turkey aims 5.5 pct growth rate until 2020

ANKARA

Turkey will aim annual economic growth of 5.5 percent until 2020 in its medium-term economic program, Turkey's Prime Minister Binali Yildirim said Monday.

Yildirim said that unemployment rate is estimated as 10.8 percent for this year, 10.5 percent in 2018, 9.9 percent in 2019 and 9.6 percent in 2020.

After expanding 3.2 percent in 2016, the Turkish economy posted 5.2 per cent and 5.1 per cent growth in the first and second quarters of 2017, according to the Turkish Statistical Institute (TurkStat) on Sept. 11.

Inflation rate is predicted as 9.5 percent in 2017, 7 percent in 2018, 6 percent in 2019 and 5 percent in 2020.

The details of the new medium-term economic program will be announced on Wednesday by Deputy Prime Minister Mehmet Simsek.