Turkish Finance Minister: Economic growth will slow in the coming period

Turkish Finance Minister Mehmet Simsek said that the data released on Thursday showed that the Turkish economy grew by 5.9 percent in the third quarter, which is more than expected, and is encouraging, but this growth will slow in the coming period.

“Economic growth is strong and this is encouraging,” he told state broadcaster TRT Haber.

He added, “But what is important here is to increase the quality of growth,” adding that directing resources to effective areas and increasing efficiency will be major drivers of growth.

He added that incoming capital flows are strengthening and are expected to increase from the second half of 2024 onwards, and that there is interest in investment from Gulf countries.