Erdoğan says priority is Turkey’s economic growth, exports, jobs

Turkish President Recep Tayyip Erdoğan said his government’s priority was to boost economic growth through investment, spending, employment, production and exports.

Erdoğan said that while Turkey was suffering from tremours in the global economy, his government was implementing a multi-pronged program to deal with them.

“The first pillar of our economy program is to never give up on our goal of placing our country among the top 10 economies of the world,” he told provincial heads of his governing Justice and Development Party (AKP) in Ankara on Wednesday, the state-run Anadolu news agency reported.

“The second pillar of our program is to give priority to employment, that is, our people to have work and bread,” he said. “Thirdly, it is to control price increases on the one hand and to increase revenues on the other."

Inflation in Turkey has surged to an annual 70 percent, the highest level in emerging markets and industrialised economies, after a currency crisis sent the lira tumbling by 44 percent against the dollar last year. Many economists along with the political opposition have blamed the financial instability on Erdoğan, who ordered the central bank to cut interest rates between September and December to stimulate economic growth and exports.

Erdoğan, who must hold presidential and parliamentary elections by June 2023, called on the Turkish people to be patient and trust in his government during these testy economic times.

"We are a country that wins with our teeth, fingernails and sweat, and we cannot attain any wealth without paying the price,” he said. “We believe that Turkey has a much better administration and stands in a much safer and more prosperous place during the pandemic and subsequent war period than countries with trillions of dollars of resources.”

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