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Simsek Sees 2023 GDP Growth at 4.5%


Comments from Simsek, who has been speaking at the Banks Association of Turkey general assembly, have crossed wires. See a summary below (from BBG):

  • Turkey's growth performance remains strong
  • Simsek sees 2023 GDP growth at around 4.5%
  • Monetary, fiscal policies to be coherent
  • Turkey to continue tightening, simplifying policies
  • Capital flows to Turkish markets have started
  • Domestic demand in Turkey needs to be rebalanced
  • Private banks shouldn't focus on consumer loans
The comments are largely in-line with previous rhetoric, with Simsek still bullish on Turkey's growth prospects and reiterating that price sustainability is being targeted.

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