11 Eylül 2017 Pazartesi

Turkish economy on the right course


According to the economic growth indicators such as national income, per capita income and per capita consumption, the Turkish economy advances on the way to grow more in the upcoming period...
Despite unstable conditions in its geographic region, the country economy sustains its growth more than lots of countries in the world.
The country economy cannot operate its potential completely regarding current situation in the region. When we have a look at the situation in the region, the neighboring and surrounding countries of Turkey, such as Syria, Iraq, Iran, Egypt, Libya, Yemen do not have a suitable condition to operate its economic activities efficiently. Egypt does not have exact democracy with its all institutions to be able to activate efficiently. Syria, Iraq, Libya and Yemen suffer the most from terrorism and strife since 2011 onwards.
Whenever these unwanted events, insurgences end up, these countries’ investment and development potential will disclose and this might bring huge business opportunities not only for the Turkish business, but also for the entire world.
Another advantage in this issue, the location of Turkey has a crucial importance in terms of doing business and economic activities, because of intersecting between the Europe and Asia continents…
In this respect, one of the foremost huge investments that would play a triggering role in the economic development and new investments is the third airport project of Turkey.
Nearly one year later in 2018 the world’s number one airport’s first phase will be inaugurated for service in Istanbul. Playing also an outstanding role in the aspect of international air transport, the third airport of Istanbul will not only contribute to the Turkish economy and employment, as well as for the international aviation sector regarding the global businesses shifting from the west to eastern countries…
Turkish economy has grown three fold in the last 15 years. During this period, growth percentage in the Turkish economy averagely became 5-6 percent per annum. There is yearly 6-7 percent growth potential on average in the Turkish economy. This means that the country has a capacity for the new business and investment as well as generating job.
Surpassing the expectations the first quarter growth rate which was 5.2 percent urged to revise the growth rate for the year 2017 that predicted to be between 5 and 7 percent.
Growing 5 percent in the first quarter is interpreted that the economy is recovering swiftly beyond expectations.
With the first quarter growth rate Turkish economy achieved a growth rate more than 23 EU countries’ rate. In the second quarter Turkey’s growth rate became 5.1%. The officials predicted the growth in Q3 would be higher than 1 and Q2…
The stock market has also showed a good performance and reached an all-time high in August this year.
Featuring as a driving force in the economy, the export enters upward trend compared to last year’s figure.

All of these indicators show that Turkish economy is on the right course.