TURKEY CONTINUES STRONG GROWTH PERFORMANCE

Turkey Exporters Assembly Chairman Mehmet Büyükekşi, evaluated the growth data of Q1 of 2018.

"We are continuing our strong growth performance in the first quarter of 2018. We reached one of the fastest growing countries in the world, surpassing expectations with a growth rate of 7.4%. With this ratio, we ranked second in the G20 after India, and ranked first among the OECD countries. Also Turkey three times higher than the average of the EU countries.

Despite all the obstacles, we continue to grow rapidly thanks to the strong structure of our country's economy. As we do every year, we will continue to grow this year beyond the expectations of many credit rating agencies or other international organizations. In the first quarter, due to the strong domestic demand growth, net exports contributed negatively to GDP growth. However, we expect net exports to contribute positively to growth in the upcoming quarters, especially with the strong acceleration in the tourism sector. Thus, we believe that we will continue to achieve successful growth performance in the following quarters as well.

Another development that we like about the growth figures is the 9.7% increase in the investment. Despite all the negative operations created on the perception of our country, increase in both domestic and foreign investment shows us high confidence in Turkey's economy remains.

We believe that both the increase in investments and the rise in our exports of goods and services will help our country's healthy and sustainable growth performance continue in the upcoming period."

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