Şimşek: Türkiye Maintains Moderate Growth While Advancing Disinflation Goals
mehmet simsek
Treasury and Finance Minister Mehmet Şimşek emphasized that Türkiye’s economy continues to grow moderately, while efforts to achieve disinflation are steadily progressing. In a statement shared via his official X (Twitter) account, Şimşek highlighted that the government is proactively deploying comprehensive measures to manage potential risks during the transition toward price stability.
“While our economy sustains moderate growth, disinflation continues,” Şimşek said. “We are rapidly implementing necessary precautions with an integrated approach to mitigate potential impacts of this process, while supporting investment, employment, production, and exports.”
Türkiye’s Q1 Growth Reaches 2% Year-on-Year
According to Şimşek, Türkiye’s gross domestic product (GDP) grew by 2% in the first quarter of 2025, reflecting a steady, albeit cautious, pace of economic activity. The minister also pointed out that the current account deficit-to-GDP ratio remained at 0.9%, a level he described as sustainable.
Economic Resilience and Policy Priorities
Şimşek reiterated that the government’s economic program aims to enhance Türkiye’s resilience and competitiveness through a balance of stability and structural reform. The policy mix is designed not only to bring inflation under control but also to lay the groundwork for long-term, sustainable growth.
“We are reinforcing the foundations of durable, high-quality growth by strengthening the economy’s dynamism and resilience,” he added.
His remarks come as Türkiye continues navigating a delicate policy path—balancing the need to control inflation while avoiding a sharp economic slowdown.
