Minister of Trade Ömer Bolat attended the ‘Leaders Summit Home Applied sciences Industry and Innovation’ program held at Cerrahpaşa College’s Avcılar Campus. Bolat was once accompanied by way of Istanbul Governor Davut Gül and the rectors of many universities. Talking in this system, Minister Bolat shared Turkey’s expansion charges and export figures.
‘TURKISH ECONOMY MANAGED TO MAINTAIN ITS GROWTH PERFORMANCE’
In his speech, Minister Ömer Bolat mentioned, “Fortunately, this system that our executive has applied with resolution in Turkey continues to yield sure ends up in many macro signs. We’re briefly therapeutic the injuries of the two primary earthquakes we skilled on February 6 ultimate yr. And alternatively, we also are getting better once more after 16-17 years.” Excluding 2021, which we needed to are living thru, our efforts to scale back financial expansion, employment, exports and present account deficit, with a concern on decreasing 2-digit prime inflation, are yielding sure effects. The Turkish financial system controlled to handle its expansion efficiency. We had been in a position to develop by way of 1.9 % in 2020, the yr of the epidemic, and be a few of the best 3 on the planet expansion scores, with a document expansion of eleven.4 % in 2022 and 5.5 % in 2023. It grew by way of 5.1 % in 2023, rating first amongst OECD international locations, 2nd in Europe, and G-20 international locations. Closing yr, we exceeded the 1 trillion greenback mark for the primary time in our historical past. We greater the nationwide source of revenue to at least one trillion 130 million bucks and in step with capita to 13 thousand 243 bucks. Our financial expansion continues, even if it is going to decelerate a bit in 2024. We grew by way of 5.3 % within the first quarter, 2.4 % in the second one quarter and a couple of.1 % within the 3rd quarter. On the finish of the primary 9 months on reasonable, our Turkey recorded an financial expansion of three.2 %. A very powerful issue from our viewpoint is that 1.9 issues of this 3.2 expansion charge was once equipped by way of the contribution of products and products and services exports. “Thus, this expansion was once completed no longer handiest in response to home intake but additionally by way of offering internet exports of products and products and services, incomes foreign currencies for our nation and contributing to financial stabilization,” he mentioned.
‘TURKEY HAS REACHED THE POSITION OF THE COUNTRY WITH THE 4TH LARGEST ECONOMY IN EUROPE ACCORDING TO THE QUALITY OF PURCHASING POWER’
Minister Bolat mentioned, “The that means of the third quarter of 2024 is that this: Turkey has succeeded in attaining uninterrupted expansion for the ultimate 17 quarters, this is, for 4 years and three months. As of September 2024, our overall nationwide source of revenue greater to at least one trillion 260 million bucks. Thus, the document was once renewed. On the finish of the yr With a bit of luck, we will be able to exceed 1 trillion 300 million bucks. In line with the IMF’s calculations, Turkey ranks seventeenth on the planet in relation to buying energy in relation to present costs and present change charges. In line with its high quality, it has change into a rustic with the eleventh greatest financial system on the planet and the 4th greatest in Europe. If we have a look at the employment aspect, thank God, there are sure signs there, the entire selection of employment in Turkey in 2002 was once 21 million 300 thousand other folks. The selection of our staff greater by way of 11 million other folks, attaining a complete of 32 million 800 thousand other folks. Within the ultimate yr on my own, 1 million 250 thousand other folks will probably be hired. We have now exceeded 5.5 trillion 750 million bucks in 11 months this yr. With a bit of luck, we will be able to shut this yr with protection {industry} exports of 6.5 billion bucks. Our function is to extend our protection {industry} exports to over 12 billion bucks every year by way of 2028. By way of generating electrical home vehicles, particularly within the automobile {industry}, we’ve got mentioned that we’re within the pageant and race on this box. TOGG is in point of fact our proud undertaking. The Turkish automobile {industry} exported 35 billion bucks ultimate yr. Roughly 15 billion bucks of that is automobiles, 20 billion bucks is business spare portions business merchandise. “Our function is to change into one of the most global’s main avid gamers in electrical car and battery manufacturing,” he mentioned.
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