Minister Şimşek Predicts Further Decline in Inflation – Latest Update
Speaking at the session titled “Global tests and Türkiye’s appearance” organized within the scope of the Antalya Diplomatic Forum, Treasury and Finance Minister Mehmet Şimşek made comprehensive evaluations about the fragile period in which the global economy is located and how Türkiye is positioned in this table. Stating that the global economy has passed through a period of high uncertainty and volatility, Minister Şimşek emphasized that Türkiye is relatively more resistant to global challenges due to the reforms carried out in various sectors.
Minister Şimşek highlighted that Türkiye’s growth model is not solely based on exports, but rather on domestic demand and investments. He stressed that Türkiye is less fragile against global trade shrinkage as a result of this growth model. Additionally, he mentioned that regional integration is crucial for economic stability as rising with neighboring countries is beneficial for Türkiye’s interests.
Regarding energy and logistics, Minister Şimşek pointed out that Türkiye is part of the middle corridor extending to China. He highlighted the significance of new development corridors that offer cost-effective and efficient logistics solutions, emphasizing the importance of investments in peace, security, and prosperity.
In the fight against inflation, Minister Şimşek expressed determination to combat inflation and implement measures to ensure economic stability. He stated that while short-term market fluctuations may disrupt expectations, the disinflation process will persist.
Furthermore, Minister Şimşek touched upon global debt levels and aging populations worldwide, noting that Türkiye’s debt levels are below the average of other countries. He emphasized the importance of maintaining a young workforce through reforms that increase women’s employment and strengthen human resources for investors.
Minister Şimşek also highlighted Türkiye’s advancements in defense and artificial intelligence, emphasizing the country’s progress in these fields. He underscored the importance of green transformation as an economic necessity, particularly in renewable energy investments.
In conclusion, Minister Şimşek emphasized Türkiye’s potential to become a rising center in various sectors, from medical tourism to high-tech production. He emphasized the importance of focusing on practical achievements and building a strong future with solid foundations. With ongoing reforms and investments, Türkiye aims to attract significant capital and establish itself as a prominent player on the global stage.
