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Mehmet Şimşek Affirms Turkey’s Economic Transformation Remains Strong Despite Slower Growth
Turkey’s Finance Minister Mehmet Şimşek has confidently stated that the country’s ambitious economic transformation is firmly on track, even in the face of recent market volatility and slower growth. Highlighting a strategic return to orthodox economic policies and a clear fiscal consolidation roadmap, Şimşek emphasized that these steps will lay a solid foundation for sustainable growth.
He pointed out that tighter financial conditions, combined with falling global oil prices and a weakening US dollar, are expected to trigger a period of disinflation — a welcome trend that will help ease inflationary pressures and provide a much-needed boost to the Turkish economy. According to Şimşek, these positive developments signal resilience and readiness to tackle economic challenges ahead, ensuring Turkey stays on course for long-term stability and prosperity.
With this approach, Turkey aims not only to weather current headwinds but to build a stronger, more balanced economy that benefits all citizens.
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