Treasury and Finance Minister Mehmet Simsek, within the scope of Washington contacts Barclays, Jeferveries, JP Morgan and Bank of America organized separately in the investor meetings of the Turkish economy and the future perspective of the future perspective of the Turkish economy provided information.
Minister Şimşek continues his contacts in the USA, where he came within the scope of Spring meetings of the G20, IMF and World Bank.
According to information obtained by the AA correspondent, Lightning, within the scope of contacts Barclays, Jefferies, JP Morgan and Bank of America organized separately organized by the investor meetings, comprehensive presentations made.
Şimşek, who shared the current developments and future perspectives of the Turkish economy in the meetings that attracted intense interest, stated that the main priority of the economic program in his presentation was decisive struggle with inflation.
Downward effect on inflation
Şimşek, evaluating the latest developments in global markets, tightening financial conditions and weakened external demand may lead to a more moderate growth process in the Turkish economy.
Emphasizing that the decrease in tight financial conditions and oil prices will have a downward effect on inflation, Şimşek said in this context that inflation is expected to take place at the end of the year in the target range of the Central Bank.
Positive signals in the current account deficit
Şimşek stated that they are optimistic about the current balance, and at the end of the year they foresee that the current account deficit will remain below medium -term program estimates and that the decline in domestic demand and the decline in energy prices will contribute to this development by narrowing the foreign trade deficit.
Pointing out that they will continue to implement the discipline of strict expenditure in the field of public finance, Şimşek said that the possible slowing in growth may limit income performance.
Şimşek also told about the investment opportunities and reform agenda of Türkiye in meetings.
Şimşek pointed out that Türkiye is more resistant to the increasing protectionism in trade and that regional integrations and existing free trade agreements strengthen this immunity. Şimşek emphasized that they will continue the economic program with determination and stated that they will accelerate industrial policies, green and digital transformation reforms and infrastructure investments that will enable Türkiye to rise to higher steps in global value chains.
Şimşek answered the questions of the participants after the comprehensive presentations.
