Likewise, with the amount of GDP reached U.S. $ 808 billion, the crisis of 2008, we were caught earlier. When we consider the increase in employment, Turkey, leaving behind the crisis in the country at the earliest. Despite this relative to rest in the third quarter, growth in the last quarter per cent again approached as 8s. Because industrial production, capacity utilization rates, current account deficit data and leading indicators such as strong domestic demand, he says.
But now it's time to 'reprimand. " Thrown into the background to the fore issues of crises actually pull a profit. There was a great awareness in the field of unemployment and Turkey decided to take this issue to the center. Both the government and the private sector has embraced the issue more. Before the crisis in the current account deficit and inflation were going to such a vital awareness that the crisis came and dropped them and temporarily pushed to the background of the agenda. However, it seems, do not receive effective and timely measures, Turkey gradually 'positive unbundling' (positive de-coupling) in the near future 'negative integration' (negative re-coupling) will shift. In other words, before the crisis the current account deficit and inflation would continue where it left off.
The first ten months of the year, the current account deficit, 44 billion dollars for the whole year yakalayacağımızın precursor. You will have 6% of GDP. Very high. Vazgeçilmeli hovering around us in the race to find a worse country. We all know that this explains the risk factors and triggering kimyamızı disturbing. Also explains the almost three-quarter 'hot money' that do not guarantee a continuation of the resource based.
I was expecting growth of around 7.5 percent of the third quarter. I guess I did not work. Our components are estimated, however, private sector investment and consumption and very high, and the contribution to growth is too much. Understandable reasons, we reverse the crisis environment, the public sector in the past to rest. In other words, financial discipline, dealing with affairs. Very accurate. Obviously, drawing down growth in imports. Full drawn down 4.1 points. What this means is that the domestic market growth has been based heavily on imports.
Turkey's high growth alone is not enough for the domestic market. The acceleration of export must be protected. However, Turkey's export markets, 'axis shift', ie there is loss of the front. European markets lost during the crisis could not do an effective return. U.S., China and EU-oriented competitive devaluations, many do not appear unfair trade barriers, the EU's G. Such as Korea and Algeria, and Turkey, excluding the free-trade agreements with third countries, Turkey and these countries, as well as causing losses in the EU market.
Growth, employment, inflation, current account deficit and its financing fragile inter-related data from the Central Bank who, to take necessary measures 'would act' declared. To prevent entry of hot money, as long as credit is introduced to a volume reduction. Interest deduction, compulsory measures such as increasing the reserve requirement provisions mentioned.
Or discuss them. Let us, however, points to the importance of timing in the economy. After all, the delayed measure, not a measure. Business administration, instead of the developments to follow behind, go in front of them timely and effectively manage the risks to the disposal, are critical to ensure confidence and stability. Such delays, in our opinion, the credibility of CBRT last drece reduce shadow.
In my opinion, 'the economy of your mind' a little out of the need to move the axis of Treasury and Finance and Central Bank. Based on production and exports of foreign capital to move only 'be drawn' is not enough, and large project-based activity as it is also necessary to good management and direction. Or are you like peanut market, not enough to sell the Association?
Behold, there was a discourse, or, 'they are common, we market', the avoidance of this syndrome is required.
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