Turkish industrialists support a new economic model

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December 20, 2021 17:47 (UTC+04:00)

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By News Center

The Turkish Association of Independent Industrialists and Businessmen (MUSIAD) issued a statement supporting the government’s new economic model, the Yeni Shafak newspaper reported.

In a statement on the latest economic developments posted on its Twitter page, the association reiterated its support for the policy focused on low interest rates which should increase production, investment, exports and earnings focused on l employment in the country.

“The Turkish economy cannot be assessed only by reducing it to the exchange rate. We are fully convinced that our economy, which has achieved annual growth of 5.3% over the past 20 years without compromising market conditions free will overcome this process,” the statement read.

The association pointed out that modern economies need social capital as much as physical capital and that the main source of social capital is the trust factor.

The association expressed its deep regret that an artificial environment of insecurity is created in Turkey which is not based on macroeconomic foundations.

“As MUSIAD, we are against all kinds of economic climates that are driven by perceptions, not real economic indicators,” the statement said.

It was pointed out that Turkey’s economy grew by 11.7% in the first three quarters of 2021, exports exceeded $220 billion in the last 12 months and the country recorded an account surplus. current in the last 3 months.

It was added that the Turkish economy resists today, as in the past, both internal and external manipulations.

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