Minister Şimşek: Seeing Positive Results of Our Policies

Minister of Treasury and Finance Mehmet Şimşek Evaluates Economic Figures

In a recent statement on his social media account, Minister of Treasury and Finance Mehmet Şimşek discussed the latest unemployment, current account balance, and industrial production figures. Minister Şimşek highlighted the positive results of the government’s policies, stating that the current account balance registered a surplus in October and the annual deficit had decreased by 9.6 billion dollars compared to May.

Furthermore, Minister Şimşek emphasized that the declining current account balance, coupled with increased international investor interest, had resulted in the country’s reserves reaching a historic high of 140 billion dollars. These figures reflect the government’s efforts in implementing policies aimed at achieving balanced growth and reducing economic vulnerabilities.

Despite these achievements, Minister Şimşek acknowledged that weak demand from trading partners has limited export growth, which represents a significant challenge for the country. The impact of this challenge is also evident in the industrial production figures. Nevertheless, Minister Şimşek noted that the unemployment rate had fallen to 8.5 percent in October, the lowest level in the last 11 years.

Overall, Minister Şimşek’s statement reflects the government’s commitment to implementing policies that prioritize investment, employment, production, and exports while working to address the challenges posed by external factors. The positive economic results highlighted by Minister Şimşek demonstrate the effectiveness of these policies in achieving sustainable growth.

 

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