The state of the Turkish economy, according to the results of the first quarter of 2023, became the second in the growth rate among the countries of the European Union (EU) and the organization of economic cooperation and development (OECD), the data on which have already been made public. The Minister of Treasury and Finance of Turkey Nucredin Nebati said this, commenting on social networks the latest data from the Turkish Statistics Institute (Tüi̇k) for the growth of the country’s GDP.
The minister noted that the real growth of the Turkish economy in January-March 2023 amounted to 4 percent compared to the same period of the previous year.
“In the conditions of a complex external situation and against the background of the consequences of destructive February earthquakes, the authorities never disregard the issues of investment, production and employment. Thanks to fiscal discipline, we” heal the wounds of the “disaster” day,- he noted .
In addition, investments in the sphere of machinery and equipment that are important to increase potential production and continue sustainable economic growth have increased by 8 percent compared to the same quarter of the previous year, the continuous growth in investment remains the last 14 quarters, he noted.
“You should know that not only high growth was achieved in the first quarter,” the minister said.
Nebati said that in the first quarter, employment increased by almost 1.6 million people compared to the same period last year, the unemployment rate decreased by 9.9 percent. “We will decisively continue to improve the welfare of our citizens,” the head of the Ministry of Finance added.