Turkish President Recep Tayyip Erdogan promised on Saturday that the country would continue to grow through investment and production, while noting that his government is close to making the country one of the top 10 economies in the world, according to ahvalnews.com.
The statements of the Turkish leader come at a time when Turkey has mitigated an economic crisis characterized by a spike in inflation and a sharp “dollarization” of the economy. The value of the Turkish pound has fallen by almost 40% against the dollar this year.
“We are closer than ever to our goal of making Turkey one of the top 10 economies in the world,” Erdogan was quoted as saying by the state-run Anadolu news agency at an opening ceremony in the southeastern province of Gaziantep.
“All we want is to ensure that our country continues to grow through investment, employment, production, exports and the current account surplus, so that we can achieve our goals as soon as possible,” Erdogan said. .
The pound closed the week with an aggressive recovery, jumping more than 50% after falling to record lows earlier in the week after Erdogan’s unorthodox policy to cut interest rates sent the currency into a “free fall”. ‘. Inflation in the country has jumped to 21%, according to official data.
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Source From: Capital
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