Finance Minister Şimşek: Our economy is heading towards sustainable growth

Following the announcement of Turkey’s first-quarter growth figures, Treasury and Finance Minister Mehmet Şimşek evaluated the economy and stated, “With our rational, predictable, and rule-based policies, our economy is heading towards more balanced and sustainable growth.”

After the announcement of Turkey’s first-quarter growth figures, Treasury and Finance Minister Mehmet Şimşek shared his evaluation of the economy on social media.

Şimşek emphasized that they were progressing towards their goals with determined steps, saying, “With our rational, predictable, and rule-based policies, our economy is heading towards more balanced and sustainable growth.” He added, “In the second half of the year, we foresee growth supported by more favorable external conditions and moderate domestic demand, with net external demand contributing positively to growth this year.”

Minister Şimşek’s statements are as follows:

– “We are progressing towards our goals with determined steps.

– With our rational, predictable, and rule-based policies, our economy is heading towards more balanced and sustainable growth.

– The contribution of net external demand to growth was positive at 1.6 points after five quarters.

– The seasonally adjusted unemployment rate fell to 8.7%, the lowest level in the last 44 quarters.

– In the second half of the year, we foresee growth supported by more favorable external conditions and moderate domestic demand, with net external demand contributing positively to growth this year.

– Thanks to our program, the balanced growth composition, decreasing current account deficit, increased confidence, improved expectations, and accelerated external capital inflows will significantly contribute to disinflation.”