Commercial Uncertainties and Growth Evaluated at Istanbul Economy Forum
Recent developments in the global economy and supply chains were discussed at the event hosted by the Central Bank of the Republic of Turkey.
At the Istanbul Economy Forum held by the Central Bank of the Republic of Turkey at the Istanbul Finance Center, uncertainties in global trade, growth, supply chains, and the policies pursued by central banks were discussed.
Economy Forum Held in Istanbul
The Istanbul Economy Forum was held at the Istanbul Finance Center by the Central Bank of the Republic of Turkey. Important panels were organized with the participation of international economists within the scope of the forum.
Growth Panel in an Environment of Trade Uncertainty
Within the framework of the event, a special panel was organized moderated by Ayhan Kose, World Bank Group Deputy Chief Economist and Prospects Group Director.
Cost Assessment from the Central Bank of Malaysia
Bank Negara Malaysia Governor Abdul Rasheed Ghaffour stated that developments in the Middle East and the continued closure of the Strait of Hormuz increase import costs for businesses.
The Damaging Effect of Tariff Policies
Ekaterine Mikabadze, First Vice Governor of the National Bank of Georgia, emphasized that the uncertainty surrounding tariff policies is much more damaging than the tariffs themselves.
Middle Corridor and Trade Diversion
Akylzhan Baimagambetov, Deputy Governor of the National Bank of Kazakhstan, drew attention to the importance of diversification in trade routes and emphasized the Middle Corridor projects.
Supply Shocks in Global Trade
Ayhan Kose from the World Bank pointed out that there has not been a normal year for global trade since 2020, drawing attention to supply shocks and the value of the Middle Corridor for Turkey.