Erdogan: We will not allow anyone to make economic growth unstable, and we will get out of this cycle

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Erdogan: We will not allow anyone to make economic growth unstable, and we will get out of this cycle

Reuters

Umit Bektas

Turkish President Recep Tayyip Erdogan

Turkish President Recep Tayyip Erdogan announced that his country will not allow any party to hinder its economic growth, stressing that Ankara will be able to get out of this cycle.

“We expect the growth of the Turkish economy this year to reach a minimum of 10 percent,” Erdogan said in a statement.

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He pointed out that “interest is a cause and inflation is a result, and we are currently working on reducing interest, and together we will see a decrease in inflation as well, God willing.”

He considered that “fluctuations in foreign exchange rates are not based on economic foundations.”

He added, “We will not allow anyone to make economic growth unstable and we will get out of this cycle,” stressing that there is “no turning back from the current economic model” in Turkey.

He addressed foreign investors, saying, “It is time for long-term investments, and whoever makes such investments in Turkey always wins.”

Source: “Anatolia” + “Reuters”





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