Treasury and Finance Minister Nureddin Nebati, in his statement on his social media account, stated that Turkey has the right to eliminate these global risks in a process where the epidemic, war, climate, food and energy crises almost go hand in hand, and geopolitical tensions continue to feed the global recession expectations with each passing day. He also stated that he focused on brand new opportunities brought by new conditions.
Emphasizing that the Turkish Economy Model is a right step at the right time to make Turkey one of the top 10 economies that shape the future while the global economy is undergoing transformations, to strengthen its value-added production power and to overcome the middle income trap, Nebati said:
“The Turkish Economy Model is the route that our country has drawn towards our vision of the Century of Turkey, under the leadership of our President, by breaking the rules and putting aside the expired bitter drugs, in a process where global routines have been broken. The route of this route is through investment. Brand new job and employment opportunities, “The route of this route passes through inclusive, strong, sustainable and balanced growth and an economy with a current account surplus.”
Stating that they started to reap the fruits of the model from the very first year they started to implement it, Nebati stated that Turkey was one of the fastest growing countries among the G-20 countries by achieving a growth rate of 5.6 percent even in 2022 when multiple crises overlapped.
Underlining that the growth in machinery and equipment investments, which are of great importance for the increase in production and new employment areas, has continued uninterruptedly for 13 quarters, Nebati stated that thanks to the effective policies they have implemented, Turkey is one of the economies that show a strong recovery ability in the post-Kovid-19 epidemic period.
“We do not give up on our vision of the Century of Turkey”
Stating that the increase in production with new investments has brought the country to new heights in employment, Nebati stated that 6.8 million people participated in employment compared to the epidemic period, while in January this year, a historically high level of employment was achieved with 31.8 million people.
Stating that one of the most important components of high growth performance is “production power”, Nebati said, “We attach great importance to technology-intensive and value-added production. As a matter of fact, the share of industry added value in national income has increased significantly with the support we provide and has reached 27 percent. The global conjuncture of our exporters and By transforming our country’s diplomatic power into an advantage, we carried our export figures to record levels in the history of our Republic.” made its assessment.
Minister Nabati said:
“Turkey is in a position that exports to 228 countries and regions today and realizes an annual export of 254.8 billion dollars as of February 2023. We are also heading towards new records in tourism. 51.4 million people visited our country in 2022, tourism income of 46.3 billion dollars. Thus, the performance of tourism, which is the golden year of 2019, was exceeded. We aim to continue this strong trend we have achieved in tourism with the tourism diversification activities we have implemented and to generate an income of 56 billion dollars with 60 million visitors by the end of 2023. In January 2023, the annual current account balance is international commodities. Despite the high increase in prices, the current account balance, excluding gold and energy, continued to improve and reached a surplus of 51.7 billion dollars. proceed with determination to increase We’re eating.”