Erdoğan says Turkey will focus on production, investment, employment and exports in new era
"There is a new era ahead of us. Turkey must concentrate much more on production, investment, employment and exports," Turkish President Recep Tayyip Erdoğan said in his address during an economic council meeting of the Turkish Union of Chambers and Commodity Exchanges (TOBB) in the capital Ankara on Wednesday.
- Economy
- Anadolu Agency
- Published Date: 04:03 | 18 November 2020
- Modified Date: 04:19 | 18 November 2020
Turkey must concentrate much more on production, investment, employment, and exports, President Recep Tayyip Erdoğan said Wednesday.
"There is a new era ahead of us," said Erdoğan, addressing an economic council meeting of the Turkish Union of Chambers and Commodity Exchanges (TOBB) in the capital Ankara.
The government will proceed by maintaining fiscal discipline, with a growth and employment-oriented approach, he stressed.
Noting that financial and price stability are to be simultaneously ensured, Erdoğan noted that immediately cutting inflation down to the single-digits would be the government's top priority.
The president underlined that Turkey would end the third quarter with strong economic growth thanks to leading data for September.
"I believe we'll end the year with positive growth, despite the ongoing challenges due to the coronavirus outbreak," said Erdoğan.
Touching on interest rates, he added: "We should not allow investors to be crushed by high-interest rates."