Turkey’s well-thought-out policy makes it a “rising star of the 21st century”. The corresponding statement was made on Saturday, December 25, by Turkish leader Recep Tayyip Erdogan.
“Turkey is a rising star of the 21st century, thanks to a well-thought-out policy, it has become one of the two countries whose economic growth in the first year of the pandemic was positive,” Erdogan said during a speech to the functionaries of the ruling party in Gaziantep province.
According to him, the country will demonstrate a double-digit GDP growth rate at the end of 2021.
The President of Turkey stressed that as of 2002, when the Justice and Development Party came to leadership in the country, the reserves of the Central Bank were $ 27.5 billion, and the debt to the International Monetary Fund (IMF) was $ 23.5 billion.
Currently, according to Erdogan, the Central Bank has $ 120 billion in reserves, and there is no debt to the IMF.
“The annual figure of Turkish exports reached a record $ 221 billion,” the Turkish leader added.
On December 20, new rallies of trade unions against the economic policy of the authorities were held in Istanbul and Ankara, which began after the Turkish national currency fell for the first time.
On Thursday, December 16, the Central Bank of Turkey decided to reduce the discount rate from 15% to 14%, and the currency fell to 15.21 lira per dollar.
Against this background, President of the country Recep Tayyip Erdogan said that he would achieve a decrease in inflation to 4%. According to him, the record fall in the lira was caused by unreasonable attacks on the economy from the outside, and the rate cut, which was carried out by the authorities, cannot be the reason for such a picture. Inflation in Turkey reached 21% in 2021.
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