Turkish Minister of Treasury and Finance Nureddin Nebti pointed out that “his country’s economy continues to grow, export and create jobs despite the current global and regional challenges.” He said this during his participation in the second Arab-Turkish business summit, held as part of the International Business Forum in Gaziantep in southern Turkey.
Nabati noted that “Turkey is a country that has great advantages in terms of development due to its young, dynamic population, strong industrial infrastructure and entrepreneurship.” for many years and was one of the countries that emerged from economic crises as quickly as possible, and this tradition has not changed during the period of the corona epidemic, which hit the global economy hard.”
He explained that “the Turkish banking sector continues to grow and remains strong despite the crisis and turmoil”, and stated that “the total assets of the Turkish banking sector increased by 51 percent by the end of 2021 compared to the previous period.” per year and amounted to 9.2 trillion lira (dollar = 17.11 lira).
Nebati stressed that “the Turkish economy continues to grow, export and create jobs despite the current global and regional challenges.” caused a rise in global commodity prices, especially energy and food prices, as well as disruptions in supply chains.
He stated that “the inflation rate in the world has reached its peak in the last 40 years, and developed countries have not escaped them”, and added that “Turkey still compares favorably with many countries in terms of budget deficit and public debt. “
Source: El Iktisad
