TUSIAD: Turkish gov’t economic measures ‘exceptionally positive’

Measures taken by the Turkish government up to now have been “exceptionally positive,” the head of the Turkish Industry and Business Association (TUSIAD) said on December 26. Speaking at Anadolu Agency’s Finance Desk, Erol Bilecik said difficulties due to the speculative attacks on the government in August were overcome by incentives. “The business circle is satisfied with the incentives provided by the government,” Bilecik said. Bilecik also underlined the importance of incentives in encouraging employers to set up business and to make investments with value-added production. He said global developments in 2019 will be a “time saver” for developing countries to solve their problems. “We should make good use of this time. Sustainable higher growth will be very important in 2019,” Bilecik said. TUSIAD foresees the Turkish economy growing one percent next year and the inflation rate to hover around 17 percent, he added.“We will experience a period which will require some patience in 2019. But in the long term, Turkey has the capacity to get back to those grand days. We have no doubt of that.”