“Despite the difficulties of global conditions, export protects its resistant structure”

Minister Şimşek assessed the developments in macroeconomic data from his social media account.

In information that it maintains the resistant structure of exports despite the difficulties of global conditions, said Şimşek: “The current account deficit remains at a sustainable level and realizes in accordance with our predictions.” He said.

Mehmet Şimşek said that the risk premium (CDS), which in April increases up to 381 basis, went back to 283 bases at the end of June and said:

“Two -year interest rates for indicator bonds from 49 percent to less than 40 percent. The decline in the CDs and the credit costs clearly shows the positive results of our stable and patient retention. We assume that the disinfitation process in the upcoming period will be improved in domestic financial conditions.”