21.12.2019 Ankara
Union of Chambers and Commodity Exchanges of Turkey (TOBB) President M. Rifat Hisarcıklıoğlu, reporting that the country's economy is expected to grow by 4-5% in the last quarter of the year, said “As the Turkish business world, we aim to grow our country by 5% in 2020. Next year, hopefully for the real sector, instead of uncertainty, hope will prevail.”
Hisarcıklıoğlu,
evaluating 2019, spoke in regards to the business world's expectations for
2020.
Stating
that 2019 was a difficult year for Turkey, Hisarcıklıoğlu said that at a time
when the world economy is slowing, when one of the lowest global growths in the
last 10 years has been recorded, many difficulties have been overcome in the
economy.
Hisarcıklıoğlu,
reminding that Turkey, at a time when its surrounding region is in turmoil, has
opened its gates to 4 million refugees, all the while conducting a successful campaign
against terrorist organizations.
In
spite of all these developments, Turkey's economy continues to grow and
strengthen, Hisarcıklıoğlu said: “Despite all the difficulties we've had, we're
closing 2019 with growth. We expect growth in the last quarter of the year to
be 4-5%. As the Turkish business community, we aim to grow our country by 5% in
2020. Each new calendar year comes with the prospect of a new beginning. As the
real sector enters a new year, we see the recovery in the economy promising for
the future. Next year, hopefully for the real sector, instead of uncertainty,
hope will prevail.”
- “We have achieved a historic
success”
Pointing
out that many issues shared with the government as TOBB have been implemented
in order to solve the problems of producers, Hisarcıklıoğlu said that they have
achieved a historic success as a result of their extensive efforts to
coordinate the private sector in order to improve the business and investment
environment.
Hisarcıklıoğlu
reported that Turkey has risen to 33rd place from 60th among
190 countries on the Ease of Doing Business Index, the best level in history in
this regard.
Hisarciklıoğlu
stated that the policy of lowering interest rates initiated by President Recep
Tayyip Erdoğan is positive and uplifting with the measures and supports announced
by the government in an executive and reformist manner, “In this context, we
consider it extremely important to facilitate access to finance, reduce
employment costs and remove obstacles to investments. We would like to thank
our government for showing that it is on the side of the real sector in these
difficult times.”
- “Investing in Turkey will always
win”
Noting
that important duties and responsibilities have fallen not only to politicians
but to households, to entrepreneurs and professional organizations in the
process of growing Turkey, Hisarcıklıoğlu said that the peace and stability of
the country must be preserved and then the economic management should continue
reforms.
Hisarciklıoğlu
pointed out that it is important for the private sector to focus on production,
employment, investment, exports and opportunities in order to move forward with
cautious and decisive steps to the next year, and said, "As the chamber
and commodity exchange community, which deeply believes in the strength of our
country and the dynamism of our private sector. We will continue to work harder
and produce every responsibility so that all the steps taken are reflected
positively on the economy. Turkey is a great country which can overcome any
obstacle. Our country has successful passed another stress test in the economy.
The main thing here is that we maintain unity and solidarity and remember our
brotherhood. We're strong together. There's a saying that we've always had, and
we say, ‘Grace and prosperity in unity; anguish in dissent.' We will maintain
our unity and walk together confidently towards a brighter tomorrow. Those who
invest in Turkey will never lose and will always win.”
Hisarcıklıoğlu,
referring to expectations for the global economy, "The interest rates are
expected to not increase or even decrease as a result of U.S. elections.
Uncertainty about Brexit has subsided. The possibility of reconciliation in the
U.S.-China trade wars has strengthened. All this is in favor of developing
countries such as Turkey. Therefore, a new window of opportunity can be opened
for the world economy.”