15.10.2013 İstanbul
According to the 2014 Global Economic Report prepared by the European Association of Chambers of Commerce and Industry (EUROCHAMBRES) and the Global Chamber Platform (GCP), GCP members are of the opinion that growth for 2014 will not be as high as projected by the World Bank.
The 2014 Global
Economic Report, which details the expectations of GCP members for the coming
year, was announced in İstanbul prior to the EUROCHAMBRES Economic Forum.
It is emphasized that
precautions need to be taken against possible treats stemming from financial
systems.
It is also noted that
market restriction tendencies also present risks for the global economy as well
suggesting that unemployment, especially in regards to youth, should be
targeted in the pursuit of a solution.
TOBB President and
EUROCHAMBRES Vice President Rifat Hisarcıklıoğlu said, “As economies become
globalized, institutions and regulations cannot remain on a local scale.
Restrictions to trade and investments between countries need to be reduced
while the observation and control of financial markets need to be increased.”
Hisarcıklıoğlu stated
that another point of interest in the report was that the European business
community sees that the solutions to the economic difficulties in European
economies are to be found in structural reforms instead of monetary policies.
- “Ambiguity in the financial environment is effecting
the real economy”
EUROCHAMBRES Honorary
President and GCP President Christoph Leitl stated that the economic advances
made by Turkey, especially when the shrinking European economies are taken into
account, is admirable.
Stating that the TOBB
President Hisarcıklıoğlu represents the Turkish business community
successfully, Leitl reported that GCP represents 100 million companies as well
as a billion employees.
Leitl commented that
real economies need to be strengthened while financial markets need to be more
strictly controlled.
Stating that
according to the report, ambiguity in the financial environment is effecting
the real economy, Leitl stated that improved performance in the US and EU
economies would also positively impact other countries as well.
Chinese Chamber of
International Commerce (CCOIC) Secretary General Lin Shunjie stated that China
wishes to improve the partnership they have formed with the European and
Turkish business communities.