In a social media post, Minister Şimşek revealed the first quarter growth figures and stated, “We are taking decisive steps towards our targets. Our economy is moving towards more balanced and sustainable growth.”
The Minister pointed out that the contribution of net external demand to growth was positive by 1.6 points after 5 quarters. This is a significant development, indicating the effectiveness of the government’s economic policies.
In addition, the seasonally adjusted unemployment rate fell to 8.7 percent, the lowest level in 44 quarters. This is a clear sign of the strengthening labor market and the overall health of the economy.
Looking ahead, Şimşek is optimistic about the second half of the year. He stated, “With more supportive external conditions and moderate domestic demand, we envisage a positive contribution of net external demand to growth this year.”
The Minister also emphasized the benefits of their program, stating, “Thanks to our program, the balanced growth composition, declining current account deficit, increasing confidence, improving expectations, and accelerating foreign resource inflows will contribute significantly to disinflation.”
This statement from Minister Şimşek underscores the government’s commitment to fostering a robust and resilient economy. As Turkey navigates the challenges of the global economic landscape, the focus remains on sustainable and balanced growth. (ILKHA)
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