“I estimate that economic activity will return to its potential level in the last quarter of the year and we will complete 2020 with positive growth performance,” said Berat Albayrak, Treasury and Finance Minister.
In the written statement, Albayrak evaluated the growth figures for the first quarter of this year.
Stating that there was an increase of 4.5 percent in annual income in the first quarter, Albayrak noted that the quarterly increase was realized as 0.6 percent.
Albayrak, the European Union described Turkey’s growth data in this period, the G-20 and among OECD countries “countries showing the strongest growth performance,” which could attract attention, “These data suggest that strong economic recovery continued in the first quarter in the economy and in particular new types of corona virus ( Covid-19) demonstrated the success of the fight against the epidemic in all areas “.
Global trade and the impact of the epidemic that hit the world economy since the second half of March began to show the impact that Turkey also pointing Albayrak, said:
“Thanks to the strong investments in health infrastructure and the ongoing structural transformation in our economy during the AK Party governments, our country has been prepared for the global epidemic period and has managed this process very successfully. Leading indicators point out that the worst has been left behind and the recovery in the economy has begun.
Many known there despite the need secretions fighting the economic life in the measures we last time steps and get at Turkey, in the coming period will continue to be the country that degrades positive from the world in terms of growth performance, the epidemic period after the will of the countries will shine star. “
Albayrak shared the information that the total amount of measures taken to support firms and households, to protect employment and to strengthen production exceeded 260 billion liras, excluding deferred loans and interests, and reached the level of 600 billion liras with the multiplier effect of the steps taken.
“OUR BELIEF IN OUR POTENTIAL IS TO BE REALIZED”
Stating that they believe that the potential will be realized with the recovery in consumer and investor confidence, stability in the domestic financial markets, strong production capacity and fast recovery reflex after these hard days, Albayrak said:
“I predict that economic activity will return to its potential level in the last quarter of the year and we will complete 2020 with positive growth performance. We will continue to prioritize our real sector and industrialists with our new growth and production-oriented growth model, and we will increase our innovative-high value-added production and employment. I hope we will achieve our sustainable current balance, potential growth and low inflation targets simultaneously. “
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