Turkish economy is extremely 'robust' in terms of structure

Turkish economy minister said Turkey's economy is extremely robust and powerful in terms of its structure, adding, the economy is fundamentally sound.

Turkish economy is extremely 'robust' in terms of structure

Turkey's economy is structurally robust and powerful and is fundamentally sound, Turkey's economy minister said on Saturday.

After a meeting with trade ministers from many of the world's largest economies, organized by World Trade Organization (WTO) on the sidelines of the World Economic Forum in Davos, Switzerland, Nihat Zeybekci elaborated to Anadolu Agency (AA) about his visit and the economic situation in the country.

"I met the trade ministers from fifty countries around the world and had a face-to-face meeting with them,” he said. “The ministers praised Turkey´s enormous economic successes during the last decade and this make me very happy.”

Zeybekci said Turkey´s economy is in a better situation than those of the 25 member states of the European Union because the country's debt is only 35 percent of Gross Domestic Product (GDP).

Commenting on the depreciation of the Turkish lira against the dollar, he said: “What is happening in the country now is not related to the structure of the Turkish economy,” adding that the fluctuation in Turkish markets is temporary and will not derail the country's economy.

The minister said the Turkish private sector has succeeded in dealing with economic and financial challenges of the world by becoming a global actor.

Zeybekci claimed the whole world is being supported Turkey's economic strength and robustness.

AA

Last Mod: 26 Ocak 2014, 10:10
Add Comment