Central government budget deficit was 338.7 billion TRY in April

In March, the current account deficit reached its highest level since January 2023 at 9.7 billion USD.

In the U.S., nonfarm payrolls rose by 115,000 in April, above expectations, signaling that the labor market maintained its relatively strong outlook.

The inflationary effects of geopolitical developments became more evident in April.

The monthly CPI increase in April came in at 4.18%, exceeding expectations, while the annual CPI inflation rate rose to 32.37%. Food prices were the key driver of the rise in the CPI.

The Turkish economy grew by 3.6% in 2025.