Minister Şimşek continues his contacts in the USA, where he came as part of the spring meetings of the G20, IMF and the World Bank.
Şimşek took part in the investor meetings organized by Barclays, Jeferers, JP Morgan and Bank of America as part of their contacts and accepted comprehensive presentations.
Şimşek, who shared the current developments and future perspectives of the Turkish economy in the meetings that aroused an intensive interest, explained that the main priority of the business program in his presentation was a decisive struggle with inflation.
Downturnal effect on inflation
Şimşek, which evaluates the latest developments in global markets, exacerbates financial conditions and can lead to external demand to a more moderate growth process in the Turkish economy.
In this context, the decline in close financial conditions and oil prices will have an impact on inflation, and said in this context that inflation is expected to take place in the target area of the central bank at the end of the year.
Positive signals in the current account deficit
Şimşek said that they are optimistic about the current balance, and at the end of the year they predicted that the current account deficit remains below the medium -term program estimates and that the decline in domestic demand and the decline in energy prices will be contributed to this development by installing the deficit of external trade.
With regard to the discipline of strict expenses in the area of public financing, it is pointed out and said that the possible slowdown of growth could restrict income.
Şimşek also told about the investment options and the reform agenda from Türkiye in meetings.
Şimşek pointed out that Türkiye is more resistant to increasing protectionism in the trade and that regional integrations and existing free trade agreements strengthen this immunity. Şimşek emphasized that they will continue the economic program with determination and said that they will accelerate industrial policy, reforms and infrastructure investments for green and digital transformations, which will enable to increase global value chains to higher steps.
Şimşek answered the questions of the participants about the extensive presentations.
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