6/9/2020

President Erdoğan: Turkey’s Economy Primed for Investment

​​​​​​​​​After the cabinet meeting held on June 9, President Recep Tayyip Erdoğan evaluated the social and economic precautions taken against the COVID-19 outbreak. He said that Turkey had weathered the pandemic with minimal economic disruptions and that the country is ready to welcome back investors. 

According to President Erdoğan’s statements, Turkey’s goal is to gradually lower its inflation rate, from 8.5 percent in 2020 to 6 percent in 2021, and then to below 5 percent in 2022. Erdoğan also mentioned that Turkish public banks had lowered their interest rates to help those who would like to invest in Turkey.

As well as explaining the new social regulations and restraints implemented to sustain Turkey’s decisive fight against the outbreak, Erdoğan emphasized that the economic and health-related measures have to be kept firm to ensure that Turkey is a leader in terms of the production and trade relations that will be formed following the pandemic. 
Recep Tayyip Erdoğan; cabinet meeting; covid-19; inflation; interest