Turkey To Rebut Downgrading

 We are going to rebut the irrational decisions of credit rating institutions with our solid economic structure.

The normalization process after July 15 is proceeds. There is no negative signs in Turkey's macro-economic indicators.  Beside being 6th most growing country by the rate 4,7% in the first quarter, Turkey grew more than 21 European Union countries with its performance in second quarter by 3,1% We are one of the fastest growing economies among OECD countries by 3.8% our real GDP average annually. We are one of the fastest growing economies among OECD member countries by the average annual rate of 3.8% our real GDP rate of growth.  OECD recently decreased global growth budgeting 2016 from 3% to 2.9%. World Trade Organization (WTO) decreased global trade growth forecast 2016 to 1.7% on report that was issued at 27th September. The previous prediction was 2.8% in April. In the same way, global growth forecast was 2.2%. This growth signs the weakest growth after the financial crisis in 2009. Our country despite everything, performs positive compared to other countries. Our share in the World trade increased by 0.89% according to released last shared data. Besides that, our share of imports that we recieve from developed economies continues to increase. Our share of imports from EU reached to the highest point to 1.21% in 2015. Current situation is 1.27%. The proportion of current account deficit to GDP rate was 4.5% at the end of 2015. As the first half of 2016, this ratio decreased to level of 4.2%.

We don't see Moody's downgrading decision rational, despite the positive signs in Turkey's economic indicators, our  governments and Central Bank of the  Republic of Turkey's precautions supporting the growth. This decision doesn't reflect Turkey's economic course of events. In addition to this just like our Deputy Prime Minister Mehmet Şimşek mentioned we think expediting the structural reforms will be the best answer to credit rating institutions like Moody's.

The normalization process after July 15 is proceeds. There is no negative signs in Turkey's macro-economic indicators.  Beside being 6th most growing country by the rate 4,7% in the first quarter, Turkey grew more than 21 European Union countries with its performance in second quarter by 3,1% We are one of the fastest growing economies among OECD countries by 3.8% our real GDP average annually. On the other hand we, Turkish Exporters Assembly are trying to increase our country's ability of competetiveness in global markets, reveal Turkey's real potential and to anounce to the all World. After the July 15 coup attemtp, we are attending to the committees formed under the presidency of our ministers' for both to promote the potential that Turkey owns and utilize the intercountry cooperation opportunities. With the committee formed under the presidency of our Minister of Economy including TİM, TOBB, MÜSİAD, representatives of Borsa İstanbul, parliamanterian of CHP and MHP and Turkish businessmen we visited Denmark, Holland, Italy and United Kingdom. Also under the presidency of our Minister of Development we visited Qatar, Kuwait, Poland and Romania. We are going to continue our visits with Saudi Arabia in the forthcoming days. Finally I congratulate the seventh year of our magazine The Turkish Perspective which takes the last developments and trends in hand with objectivity and studiously. I personally extend my thanks and regards to you, our followers.
 

 

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