Businessmen Associations share steps Turkish government should take against crisis
TÜSİAD (Turkey’s Industrialists and Businessmen Association) and TOBB (Turkey’s Chambers and Stock Markets Union) have released an announcement mentioning “issues incurred in economy would be overcome in solidarity with the nation. The announcement also said 5 steps needed to be taken to ensure the real industry did not see damage from developments.
Based on the consensus both bodies reached following consultations held, they issued a statement which read “The business community is committed to supporting the objectives of the economic program announced by the government and the success of the measures being taken. Fundamentals of our economy are strong and it is important that production and employment capacity of the real sector is protected during this period. We will overcome the financial challenges faced recently in solidarity with our people.
The statement went on to read “We are in a sensitive period due to our global developments and our internal dynamics in our national economy. We believe that the necessary precautions should be taken in order not to cause permanent impact on the real economy and that the following steps should be taken:
– In addition to the positive steps taken by the Central Bank for liquidity management yesterday morning, a tighter monetary policy should be practiced in order to achieve stabilization in exchange rates.
– Announcement of the fiscal policy, which includes the austerity measures to support tight monetary policy, as soon as possible.
– Preparing of a reassuring concrete road map to reduce inflation permanently,
– Reconciling the relations with the European Union, our most important economic partner.
– To continue to spend efforts to urgently solve existing problems with USA via diplomacy within the framework of strategic partnership
Concerned statement also said following: “We are convinced as a business community that with the implementation of the necessary measures, our economy will rebalance and rapidly resume sustainable growth.”
