MÜSİAD President Mahmut Asmalı shared the business world's expectations regarding the new economic policies. President Asmalı said, "We have full confidence that Turkey can progress towards its long-term goals with more confident and sustainable steps." President Asmalı's statement is as follows:

“Turkey, having successfully completed another election campaign on May 28th, has once again demonstrated the vibrant and strong democratic infrastructure it possesses. In this context, the new Council of Ministers announced by President Recep Tayyip Erdoğan on June 3rd has reinforced confidence in Turkey's future. Now is the time to focus on Turkey's priority issues. Undoubtedly, the economy is at the top of the priority list.

The next five years are extremely critical, as they will be a period in which the economic understanding and policies that will shape the 'Turkish Century' will be determined. While Turkey continues to implement long-term policies to become one of the world's top 10 economies, it also faces the necessity of addressing chronic economic problems such as inflation and the current account deficit.

Economic needs, problems, and conditions, both at the national and global levels, have changed rapidly in recent years. Over the past five years, trade wars, the coronavirus pandemic, and the Russo-Ukrainian War have all been a major obstacle to success. These issues have profoundly impacted every corner and variable of the economic structure, from supply chains to energy markets, global trade to international transportation, and economic growth to inflation. During the same period, the exchange rate turbulence, earthquake disaster, and election cycles we experienced domestically also influenced economic activities and variables in Turkey.

In an environment characterized by such sudden shifts in economic conditions and priorities, flexibility in economic policies in response to the zeitgeist should be considered a natural process.

As MÜSİAD, Turkey's largest and most widespread business organization, we believe that a sensible approach would be to begin the next five-year period with a policy set that will address macroeconomic stability threats such as inflation and the current account deficit in a planned and coordinated manner, without compromising the gains achieved in long-term economic areas such as industrial production, exports, and employment. We also take measures to increase savings in both the public and private sectors, and make our country more attractive to foreign investors.

In this process, we believe that the Turkish economy will remain committed to its long-term goals. While we remain committed to the implementation of policies that will address urgent economic challenges, we expect them to be implemented decisively and gradually. In this context, we believe that it would be inaccurate to interpret this need for change in economic policies as a rapid change of course. We have full confidence that successful economic outcomes will be achieved if change and continuity are considered and blended as a whole.

Our past experience clearly demonstrates that establishing a sustainable and lasting economic prosperity is possible through long-term, not one-time, policies. Market expectations should remain moderate, and we must remain confident and patient with the new economic management. During our recent visit to the Minister of Treasury and Finance, Mr. Mehmet Şimşek, along with our Board members, we had the opportunity to convey our expectations and wishes for the new era.

On this occasion, as MÜSİAD, we reiterate our confidence and support for the new economic management established under the leadership of our President. We express our full confidence that, once macroeconomic stability is restored, Turkey will be able to progress more confidently and sustainably towards its long-term goals. We express that it is.”