“We expect the realization of 4-5 per cent growth in Turkey”
World Bank Turkey Director Zutt announced that between 4-5 per cent growth estimated for 2018. In the past years had gone several times to changes in the growth report published by the World Bank for Turkey. Growth expectant reports first reported growth of 3 percent in 2017, followed by 3.5 percent in other reports, and another report posted in October last year showed a growth expectation of 2017, up to 4 percent, and finally to 6.7 percent . But surpassing all expectations Turkey has achieved a record growth of 7.4 percent in 2017 and has invalidated all published reports.
World Bank Turkey Director Johannes Zutt, “4-5 per cent growth in Turkey between the years of 2018-2019 we expect to take place in a modest way.” said.
” TURKEY YEAR 2017 VERY WELL SPENT IN ANY WAY ‘
Zutt, AA said in a statement to reporters, he said Turkey’s 2017 very well spent.
Feton the government after the coup of July 15, 2016, to encourage the private sector in investment Zutt stating that various financial incentives, said the private sector in that it is likewise not answer and Turkey last year achieved high growth.
Zutt, “4-5 per cent growth in Turkey between the years of 2018-2019 we expect to take place in a modest way.” said.
Referring to Turkey’s 2017’n showed growth in the third quarter Zutt, he said:
“Turkish companies, however, can not continue to grow at this level unless they are active in productivity.” Turkish companies are well integrated with the European and global value chain, but they are not working on the most profitable part of the value chain … For the time being, Turkish companies are increasingly demanding higher prices for products and services innovation, these products and services need to work better with more embedded technology. ”
Zutt said that complex products with buried technology in the world economy will have more demand in the future, but Turkish companies have not made progress so far in embedded technology products, which is a step for high growth.
“WE ARE WORKING WITH MANY AREAS IN TURKEY government”
Johannes Zutt, closely related to the European economy, Turkey’s economy and the US central bank (Fed) voicing is sensitive to interest rate increases, in Turkey, in this interest rate hikes and higher to manage stress stemming from oil prices, also stressed the need to maintain relations with the EU.
Zutt, “most of Turkey’s growth stems from the work carried out by Europe.” said.
Referring to the support given by the World Bank in Turkey Zutt, “The World Bank is active in the energy sector in Turkey. Trans-Anatolian Natural Gas Pipeline Project (TANAP) we support. We are trying to amplify the natural gas storage facility in Salt Lake government together We work on energy transmission, distribution and renewable energy. ” He spoke in the form of.
Stating that they will continue their work in this area, Zutt said that the Ministry of National Education and Syrian refugees are working on integration into schools and they are in contact with the Ministry of Health in various fields.