Independent Industrialists' and Businessmen's Association (MUSIAD) Extended Presidents Meeting was held under the title of "2022 Evaluation and 2023 Expectations" with the participation of Treasury and Finance Minister Nureddin Nebati. Speaking at the program, MUSIAD President Mahmut Asmalı said, "Türkiye will be one of the best growing countries in 2023 and will achieve a growth performance above the world average in the centennial of our Republic."

Making evaluations at the event held at MUSIAD Headquarters, MUSIAD President Mahmut Asmalı said that 2022 witnessed extraordinary developments on a global scale and that economies that were in a recovery trend after the Covid-19 epidemic seriously disrupted. Stating that the Russia-Ukraine War, which broke out in February of last year, quickly transcended its nature of being a regional risk and turned into a major threat to the global economy, Asmalı said that despite the fact that nearly a year has passed since the war, uncertainties regarding global energy, global food and global supply continue. expressed.

"Türkiye continued its strong growth trend in 2022 and became the star of three difficult years."

Noting that leading economies such as the USA and the Euro Zone had to face the highest inflation rates in their history, Asmalı stated that in 2022, all countries struggled with significant difficulties in supporting households and producers against price increases. Asmalı stated that while the global economy was going through one of the most challenging processes in its history, under the shadow of war, of course, the Turkish economy also went through an important year of testing.

"The Turkish economy, which grew by 1.9 percent in 2020, when the global economy was shaken by the shock of Covid-19 and shrank by 3 percent, and which was at the top of the G-20 countries with a growth performance of 11,4 percent in 2021, continued its strong growth trend in 2022, The Turkish economy, which has grown by 6.2 percent on an annual basis throughout the first 3 quarters of the year, is probably in the top 2 among OECD countries and in the top 3 among G-20 countries in 2022, with the announcement of the last quarter donor, will take.

The fact that the highest contribution to the said 6.2 percent growth came from the domestic demand in the 13.4 percent band, pointing out that the Central Bank of the Republic of Türkiye's monetary expansion policy and the effort to keep the economic activity alive were met in the market. In the January-September 2022 period, the Turkish economy recorded an overall increase in gross domestic product by making a positive contribution to business demand, net foreign demand and investments.

"The year 2023 is of critical importance"

Emphasizing that it is essential for the Turkish economy to maintain a strong growth performance, Mahmut Asmalı said, "In this context, 2023, the 100th anniversary of our Republic, is of critical importance as it contains both many risks and many opportunities."

Pointing out that the increase in global producer and consumer prices, which reached the highest levels in the last 50 years due to the pressure of energy and food prices, resulted in the transition of many countries to contractionary monetary policies, Asmalı continued as follows:

"The interest rate hike decisions taken by leading economies such as America, the European Union and the UK to rein in inflation put the risk of global recession on our agenda as a high probability. An economic contraction to be observed on a global scale will have many negative effects, primarily the contraction of foreign trade volumes and labor markets.

"Türkiye will achieve positive separation in 2023 as well"

Türkiye will hopefully achieve a positive separation in 2023 thanks to its current manufacturing potential, flexible production capacity and proximity to major markets. With the decline in inflation in the coming months, the price stability that will be established will also support Türkiye in reaching its long-term economic targets.

Stating that the historical record levels in exports and employment, the positive course of the non-energy current account balance and the unabated increase in industrial production are proof of Türkiye's strong macroeconomic infrastructure, Asmalı said that with the new minimum wage and new pension regulation, it meets the expectations of both employees and employers. However, he said that the uncertainties regarding the labor market have decreased, thus enabling the real sector to see the future better.

"Turkey will be one of the best growing countries in 2023"

Asmalı said, "Under the leadership of our President, Mr. Recep Tayyip Erdoğan, taking a historical step towards getting rid of debt, interest and exchange rate clamps and reducing the policy interest rate to single digits increases our belief that the growth process focused on production, exports and employment will continue. We believe that Türkiye will continue to grow in 2023 as well. will be one of the best growing countries and will achieve a growth performance above the world average in the centennial year of our Republic."