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Vice President Çavuyt Yilmaz made the statement on his social media account. Evaluating the Turkish Statistical Institute (TUIK) labor force statistics for June, Yilmaz reminded that the unemployment rate rose to 9.2% in June and said: “Despite the increase, the unemployment rate remains in the single digit and is still below the MTP estimated 10.3% overall percentage for 2024.” “He said.
Inflation Statement
Yılmaz said that the growth in June was due to the tightening policy implemented during the fight against inflation and the temporary impact unique to this month, as well as the increase in the number of job seekers during the school holidays and the 9-9 period in June. The Eid al-Adha holiday is one of the impacts that should be evaluated. Vice President Yilmaz said:
*While we continue the deflationary process that has already begun, we carefully monitor the short-term effects of this process on growth and employment and continue to work to reduce those effects.
* Selective loans and incentives for real sector investments, regulations to improve the investment climate, preferential export tariffs and financing on favorable terms, vocational training and workforce policies to enhance employability are the policies we follow in this regard.
“Two goals in harmony”
* Our goal is to achieve stable and balanced development, improve employment and permanently enhance social welfare through people-centered and inclusive development.
* Although there may be some difficulties in balancing inflation and growth over time, the two objectives are consistent in the medium and long term.
*Price stability provides a solid foundation for sustainable growth by enhancing predictability and an environment of trust.
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