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Minister Şimşek: “Despite External Shocks, We Kept the Program on Track”

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MEHMET SIMSEK FINANCE MINISTER TURKEY 2

Steady Economic Program in Troubled Times

Treasury and Finance Minister Mehmet Şimşek said in a broadcast for A Haber that their fiscal program succeeded in preventing instability in financial markets, even amid significant external shocks.

He emphasized that the program remained on track, and that the economy is now entering a phase of disinflation and strengthened resilience. (Ekonomim)

Other Highlights from Şimşek’s Remarks

He noted that global inflation continues to decline but warned that the slowdown in global trade is a negative trend. Şimşek also suggested that the aging world population should be turned into an advantage.

On defense, he stated that Turkey is likely to enter the global top ten in defense industry this year, highlighting the country’s significant investment in that sector.

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