The business world interprets the Q1 growth

►FOREIGN ECONOMIC RELATIONS (DEIK) PRESIDENT: NAIL OLPAK

Stability in the growth gives confidence to Turkey and our business world. Growth despite the February 6 earthquake shows Turkey’s power against economic vulnerabilities. We focus on production, which gives more weight to exports, investments, value-added, and employment. We expect rapid steps for economic issues such as inflation, current account deficit (CAD), foreign trade deficit, budget balance, and employment.

►INDEPENDENT INDUSTRIALISTS AND BUSINESSMEN’S ASSOCIATION (MUSIAD) PRESIDENT: MAHMUT ASMALI

Considering the Q1 growth, the Turkish economy has the power and resilience to respond to any shock with its self-existence. Turkey will continue to be the ‘safe harbor’ and catch a growth performance above the global average in the upcoming period when global economic and geopolitical uncertainties are expected to continue.

►ANATOLIAN TIGERS BUSINESSMEN ASSOCIATION (ASKON) CHAIRMAN: ORHAN AYDIN

A 4% growth is the manifestation of the right policies. The growth will base on exports rather than the domestic demand in the upcoming period. The improvement in the construction sector will be added to this. Although no substantial hike is expected in exports, the growth will continue within the frame of the Q1 growth figures. No concessions should be made on investment and production so that Turkey maintains its sustainable growth.

►ANKARA CHAMBER OF INDUSTRY (ASO) CHAIRMAN: SEYIT ARDIC

Turkey should head towards production in the fields with a competitive edge. Building trust in the Turkish economy at a sustainable inflation and interest rate level will contribute to achieving near-potential growth.

►ANKARA CHAMBER OF COMMERCE (ATO) CHAIRMAN: BARAN GURSEL

Turkey should make policies to maintain sustainable growth trends with its young and dynamic population. We do not doubt that we’ll continue the Century of Turkey with more investment, production, employment, and exports and that the management of the economy will take steps for issues such as the fight against inflation and CAD. We also do not doubt that our government will implement policies so that production and growth continue uninterruptedly.

►ISTANBUL CHAMBER OF COMMERCE (ITO) CHAIRMAN: SEKIB AVDAGIC

Apart from consumption, public expenditures supported the growth. The hike in the share of compensation of employees in the Gross Value Added (GVA) is a positive development in terms of inclusion and improvement of the growth quality. The measures should be taken for the positive contribution of exports to the growth.

►ISTANBUL COMMODITY EXCHANGE (ISTIB) PRESIDENT: ALI KOPUZ

The Q1 growth is important as the impact of the earthquake was felt in that period. A contraction of 3.8% in the agriculture sector is concerning. This figure shows how important it is for us to intervene quickly in the problems stemming from the agriculture sector in the quake-hit region.