Minister Şimşek, while evaluating industrial production and labour force statistics, provided the following forecast for 2025: "Next year, we expect global financial conditions, trade growth, and commodity prices to be more supportive for our country."
Treasury and Finance Minister Mehmet Şimşek made these comments following the release of industrial production and labour force statistics today. Regarding 2025, he stated: "Next year, we expect global financial conditions, trade growth, and commodity prices to be more supportive for our country. In addition, we anticipate that the improved confidence in the real sector and more favourable domestic financial conditions resulting from disinflation will positively affect economic activity."
Minister Şimşek's remarks were as follows:
"The short-term effects of the program we have implemented and weak external demand led to a limited contraction in industrial production during the first ten months of the year.
Despite this development, the labour market remains resilient. Employment has increased by over 1 million in the last year. The unemployment rate, seasonally adjusted, was 8.8% in October.
Next year, we expect global financial conditions, trade growth, and commodity prices to be more supportive for our country. Furthermore, we foresee that improved confidence in the real sector and more favourable domestic financial conditions resulting from disinflation will positively affect economic activity.
Thanks to our program, the strengthened macroeconomic fundamentals lay the foundation for sustainable, high, and inclusive growth."
