Turkish Economy is Saved with Minimum Loss

Aegan Exporters Association Coordinator President Jak Eskinazi, reviewed growth rate of Turkish economy which is about %1.6.

  24 January 2019 00:00 Thursday
Turkish Economy is Saved with Minimum Loss

Aegan Exporters Association President Jak Eskinazi who discusses the rate of growth in Turkish economy which is about 1.6 per cent in the third quarter of the year in accordance to the expectations, also stated that Turkish economy is got over the situation with the minimum loss.

Eskinazi who emphasized that Turkey’s growth rate in the entire year of 2017 was about %7,4 but it had a limited impact when considering the impact of production and exportation; stated that “When we transfer our resources to the areas that do not generate added value product, we have experienced that this will not lead to sustainable growth. Turkey experienced the importance of production and export based growth for the next period.”

Eskinazi who mentioned the need of that half of every facility’s production should be exported, also stated that; “The way to overcome the recession in the Turkish economy passes by  increased exports. A growth rate of 11.5 percent in the third quarter of 2017 should not be underestimated by a 1.6 percent growth in the period in which the economy is going through a serious bottleneck. If we quickly take steps to give confidence to foreign investors, we can get rid of the economic bottleneck we are in.”


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