MILLI_RE_ANNUAL REPORT 2022

recoveries in the transport and travel items. Turkey’s CAD/GDP ratio in 2022 was 5.4%. The possibility that raw material and energy prices will remain high to geopolitical concerns is seen as posing additional current account deficit risks. Continued adherence to tight-money policies on the part of the monetary authorities of the world’s developed countries suggests that financing Turkey’s balance of payments will remain a problematic issue for yet a while. Sources: TurkStat, CBRT, Ministry of Treasury and Finance January February March April May June July August September October November December 180 160 140 120 100 80 60 40 20 0 93.53 48.69 105.01 54.44 114.97 61.14 69.97 73.50 78.62 79.60 80.21 83.45 85.51 84.39 64.27 121.82 132.16 138.31 144.61 143.75 151.5 157.69 136.02 97.72 INFLATION IN 2022 - ANNUAL CHANGE (YOY) (%) CPI PPI THE TURKISH ECONOMY ACHIEVED A BETTER- THAN-ANTICIPATED PERFORMANCE AND GREW BY 5.6% IN 2022. 5.6% FINANCIAL STATUS RISKS AND ASSESSMENT OF THE GOVERNING BODY UNCONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON CONSOLIDATED FINANCIAL STATEMENTS TOGETHER WITH INDEPENDENT AUDITORS’ REPORT THEREON 51 MİLLİ RE 2022 ANNUAL REPORT