Statement on Turkish Economy from Treasury and Finance Minister Şimşek in New York

Treasury and Finance Minister Mehmet Şimşek came together with investors at the 19th Turkey Investment Conference held in New York, emphasizing that the Turkish economy is strong and resilient despite challenging global conditions and regional wars.

Global Challenges and Economic Resilience

Meeting with investors within the scope of the 19th Turkey Investment Conference held in New York, Treasury and Finance Minister Mehmet Şimşek stated that the Turkish economy exhibits high resistance against shocks.

Minister Şimşek expressed that the country's economy continues to rise on solid foundations despite challenging global conditions and conflicts in the region.

Investment and Productivity Indicators

Stating that fixed capital investments are hovering at quite high levels relative to income per capita, Şimşek conveyed that significant momentum has been captured in productivity growth over the last two-year period.

He also emphasized that the low total indebtedness ratio and the room for maneuver offered by public finance support the economic structure.

Reserves and External Vulnerabilities

Expressing that declining external vulnerabilities and significantly increasing international reserves raise the economy's resistance, Şimşek noted that the exit process from the FX-Protected Deposit scheme also strengthens this picture.

During various sessions held within the framework of the conference, the steps taken by the economic administration were addressed in detail.

Cabinet Members and Central Bank Contacts

Within the scope of the events organized, Minister of Industry and Technology Mehmet Fatih Kacır and Minister of Trade Ömer Bolat also came together with investors.

Central Bank of the Republic of Turkey Governor Fatih Karahan was also among the figures who participated in various meetings and conveyed the country's economic potential to international investors.