THE GLOBAL FLUCTUATION HAS MADE REFORMS MORE URGENT THAN EVER
THE GLOBAL FLUCTUATION HAS MADE REFORMS MORE URGENT THAN EVER
The Istanbul Chamber of Industry held its monthly Assembly meeting around an agenda titled, “Assessing Production, Exports, Jobs and Growth in the Light of Global Developments”. Speaking at the meeting, the Chairman of the Chamber’s Board of Directors, C. Tanıl Küçük, drew attention to the recent negative developments in the global markets. Pointing out that a major part of the world’s economies have been affected by the fluctuations, Küçük reminded listeners that institutions such as the International Labor Organization (ILO) had warned against developing risks: “We must be prepared for fluctuations. Yes, we have our gains, we are stronger than we used to be. But there is still a lot of fragility in our economy and a lot of areas in which no improvement has been made. As we point out at every opportunity, problems with our competitiveness head the list. To enhance our resistance to external shocks, to fortify our position, and to avoid experiencing palpitations at every blip, it is imperative that Turkey solve these problems. Measures that will shore up competitiveness, exports, jobs, investments and production and facilitate continued growth should be brought into play as soon as possible. The difficult economic period we are entering has made reforms that will improve our competitiveness more urgent than ever.”