Nebati: Inflation will fall more significantly in the coming months

Minister of Treasury and Finance Nureddin Nebati said that the first year of the Turkish Economic Model has been successfully completed and that inflation will decrease much more significantly in the coming months. Minister of Treasury and Finance Nureddin Nebati spoke at the introduction of the New Century Izmir Economic Congress. Nebati said that the Turkish Economic Model, which was put into operation on December 20, 2021, has successfully completed its first year and that inflation will decrease much more significantly in the coming months. Nebati said, "In our country, we have implemented major infrastructure investments in the last 20 years, successfully completed the first year of the Turkish Economic Model, which we put into operation on December 20, 2021, and are in a process where we are moving forward with sure steps towards the goal of the Turkish Century." Nebati continued his speech as follows: Here, the Turkish Economic Model was put into practice on December 20, 2021, exactly one year ago, in the current global transformation process, with the aim of ensuring that our country reaches a new and higher balance, eliminating all threats and turning this change into an opportunity. The Turkish Economic Model, just like the Izmir Economic Congress, was designed entirely by taking into account the needs of our country and the dynamics specific to our people. It was put into practice with the aim of moving our country to the upper ranks of the global value chain with an understanding focused on investment, employment, production and export, in other words, focused on the welfare of our people. "There was a positive separation from world economies" Underlining that there was a positive separation from world economies together with the economic model, Nebati said, "Thank God, as of the point we reached at the end of 1 year, we have also managed to separate positively from a significant part of world economies. Thus, we have continued to be one of the fastest growing countries among the G20 countries by recording uninterrupted growth on an annual basis for the last 9 quarters. Today, our employment is 31.2 million and our exports have exceeded 253 billion dollars, reaching record levels in the history of our Republic. While doing all these, we also maintain our disciplined stance in the budget. Our banks continue to support our real sector with their strong capital structures. Although high inflation has hurt us all, we have broken its neck since last month with the measures we have taken and the positive developments recorded." "Inflation will fall much more noticeably in the coming months" Minister Nebati also made the following assessments regarding inflation: "Although high inflation has hurt us all, we have broken its neck since last month with the measures we have taken and the positive developments recorded. With the normalization of global energy prices, the continuation of the implementation of policies aimed at increasing production, the importance of which was also stated at the Izmir Economic Congress, and the improvement in expectations, we will all see that inflation will fall much more noticeably in the coming months."