Economic Assessment from Vice President Yılmaz at MÜSİAD Expo
Cevdet Yılmaz announced that while some limited and specific issues are being experienced in the capital markets, necessary judicial and administrative measures are being taken rapidly.
Vice President Cevdet Yılmaz made important statements regarding the global economy and Turkey's targets at the opening ceremony of the 21st MÜSİAD Expo and the 29th IBF International Business Forum.
Volatile Course in the Global Economy
Global trade and economy are exhibiting a volatile performance under the influence of geopolitical tensions, increasing protectionist trends, and green and digital transformations.
Effects of Geopolitical Tensions
Conflicts and war elements in the region continue to exert downward pressure on expectations regarding global trade in goods and services.
Logistics Costs and Inflation
Ongoing international crises lead to an increase in logistics costs while continuing to create inflationary pressures on a global scale.
Positive Position of the Turkish Economy
The Turkish economy displays a favorable outlook compared to other regions thanks to its strong production capacity and export potential.
Export Targets and Income Growth
While national income and income per capita register increases across the country, the goal is to raise goods and services exports to 450 billion dollars by the end of 2029.
Situation in Capital Markets
Emphasizing that there is no structural problem across the capital markets in general, officials reported that only some specific issues are observed in a limited area.
Administrative and Judicial Measures Taken
It was stated that all necessary administrative and judicial precautions against these specific issues arising in a limited area of the markets have been fully taken and continue to be taken.