Published On: Sun, Nov 4th, 2018

Analysts observe positive developments in Turkish economy in recent period




Analysts observe positive developments in Turkish economy in recent period

Experts who evaluate the situation of Turkey’s economy say they can observe positive developments thanks to the measures taken by the administration. They emphasize foreign trade figures show that an improvement in foreign exchange income-expense balance has already begun.

It is also stated by professionals and experts in the business world that a better understanding should be obtained between the real sector and the financial sector via meetings to be arranged as the economy is based on these two legs which inevitably need each other.

They say “We are aware that the real sector and the financial sector are passengers of the same ship. We have to act together and support each other. Thus, common solutions can be designed and implemented to be to the benefit of both sectors as well as that of the country, certainly”.

In fact, it is reported that banks which are aware of the delicate situation have started to offer new opportunities to the real sector. They have realized and accepted the need to hold credit channels open for SMEs, in specific. It is observed however that state banks have been playing a more active role in supporting the economy, recently.

The professionals and analysts in the economy sector believe the turbulences Turkey has been going through are temporary and the most recent developments such as the balancing of dollar TL exchange rates certainly verify this evaluation.





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