The Türkiye Economic Monitor (TEM) periodically analyzes economic developments, policies, and prospects in Türkiye. The TEM was prepared under the guidance of Humberto Lopez, Asad Alam, and Antonio Nucifora, by a core team led by Mustafa Utku Özmen, and including Hans Anand Beck, Claire Honore Hollweg, Etkin Ozen, Gunhild Berg, Elizaveta Perova, and Marie Sabine Lydie Albert. The team is very grateful to the following colleagues for advice and technical input: Umut Kilinc, Efsan Nas Ozen