Minister Şimşek: Critical Statements About Price Stability and Current Deficit

Minister Şimşek made important statements about the overall situation and goals in the economy at the TRT World Forum 2025 event held in Istanbul. In the panel titled "Frontlines of the Economy: Trade Conflicts and New Global Competitions", he delved into the impacts of current economic uncertainties.

Şimşek emphasized that global uncertainties are being felt more intensely than ever before, yet he noted that the global economy has remained resilient. He expressed that this resilience has created a positive effect on market perception. However, he mentioned that the global economic growth rates seen in recent years are at lower levels compared to historical periods.

Shifting focus to the global challenges, Şimşek listed some of these hurdles as protectionism in global trade, high global indebtedness, an aging population, and the potentially disruptive effects of artificial intelligence. He also stressed that elements such as climate change and geopolitical tensions are included in these challenges.

The Minister stated that Turkey's primary goal is to achieve price stability and reduce the current account deficit. The steps to be taken within the framework of these objectives could be promising for the country's future direction. Since economic stability constitutes the foundation of investor confidence and economic growth, achieving these goals is of great importance.

As we move into 2023, it is evident that gaining more insight into the pressures and opportunities facing Turkey will be critical. The data and analyses presented by Şimşek are among the issues that investors should carefully monitor.