German giant reveals: Here is the first figure the market is considering for the minimum wage...

Deutsche Bank economists Yiğit Onay and Christian Wietoska stated that they met with policymakers, local banks, financial institutions, economists, and academics in Turkey.

In the October 7 assessment titled "Turkey Travel Notes: Key Takeaways from Istanbul," significant views regarding the economy were shared.

The minimum wage hike for 2025 is said to be at the centre of debates over the fight against inflation, with the general consensus reported to be a raise of between 25 and 30 percent.

It was also emphasised that a minimum wage increase of more than 30 percent is thought to put businesses in a difficult position against the slowing economy and to be disruptive in terms of inflation expectations.

While some believe that salary increases beyond the minimum wage could exceed 30 percent, certain economists have also stated that shrinking profit margins will prevent businesses from raising wages above 30 percent, that the first pay rises many companies implement at the start of the year are expected to be around 20 percent, and that a further adjustment is anticipated to be made mid-year in 2025.

Economists had also noted in their August 2024 reports that the raise to be applied to the minimum wage in 2025 would reveal the true state of the fight against inflation.

Economists had forecast a single raise with no interim hike, projecting a rate of between 25 and 30 percent.

If a 25 percent raise is applied, the minimum wage could reach 21 thousand 252 TL.

If the raise rate is 30 percent, a minimum wage of 22 thousand 102 TL is projected.

However, the labour side is demanding more, citing high inflation contrary to market trends and wages that were crushed below inflation in 2024.