Minister Şimşek: "Unemployment Rate at a Positive Level"

The Minister of Treasury and Finance, Mehmet Şimşek, stated through social media that Turkey's labor force indicators are performing better than the targets set in the program. He emphasized that the unemployment rate was 8.6% in September, indicating that this rate remains low.

In his statements, he noted that the contraction in industrial production, which began in the second quarter of the year, has slowed down, although it continued into the third quarter. He attributed this situation to weak demand in Europe and the short-term temporary effects of steps taken to strengthen macro-financial stability on growth.

The contraction in industrial production persists Minister Şimşek reported that the contraction in industrial production continued in the third quarter but has slowed compared to previous periods. He mentioned that weak demand in Europe was influential during this process, while also noting that Turkey's efforts to consolidate macro-financial stability had created short-term temporary effects in this contraction.

Şimşek highlighted that these short-term effects on economic growth would diminish in the coming periods. He expressed that after this process, a more stable economic growth model would be established, and its positive effects would be felt.

Expectations for increased production, employment, and exports in the future In his continued remarks, Minister Şimşek indicated that more supportive global conditions will emerge in the upcoming period. He stated that the increasing environment of trust and predictability, along with improving expectations, would support production, employment, and exports alongside structural measures.

Şimşek expressed that with these positive developments, the Turkish economy would be built on more solid foundations and achieve sustainable growth. He emphasized that economic policies and reforms would continue.