Despite the open currency attacks which Turkey has been facing in 2018, TIM President Ismail Gülle who has stated that Turkey’s economic base is strong as it grew %2.6 for the whole year, stated that; “I think if we manage the global currency attacks in the last quarter with the %3 economic shrinkage correctly, the economy will be stable.”
Growth is Expected in Comparison to the Last Year
President Gülle which underlines that the right analysis is possible only when we consider the last year; stated that; “I evaluate that when we consider the general results of 2018, Turkey has managed the global and national problems with a great success. I believe, we will catch the positive growth rates in the following periods with the stabilization periods in our economy.”
Net Export Rates Provided Growth
Gülle who noted that the export data of growth is on its own in the statement said that; “In the second half of 2018, we experienced the effects of exchange rate fluctuations and economic problems on growth figures. While our GDP contracted by 3% in the last quarter, it grew by 2.6% throughout the year. The most remarkable point here is that net exports contributed to the growth in the last quarter by 8.4 points. Exports were the biggest supporters of our growth figures in the last quarter, when domestic demand contracted and public expenditures remained almost the same. In the year, we see that net exports contributed 3.6 points to growth. At the point reached today, our country has managed to overcome this economic process with the least damage. As TIM, we will continue to serve our country in both growth, investments and employment by waving the flag of our country all over the world by working with more than 83 thousand exporters this year as it was last year.”
