The Independent Industrialists' and Businessmen's Association (MÜSİAD) issued a written statement stating, "The Turkish economy, which grew by 11.7 percent in the first three quarters of the year, exceeded $220 billion in exports over the last 12 months, and has a current account surplus for the last three months, cannot be evaluated solely by the exchange rate."

MÜSİAD made statements regarding recent economic developments.

The statement stated, "As is known, modern economies need social capital as much as material capital. The primary source of social capital is trust. We regret to see that, recently, attempts have been made to create an artificial environment of insecurity that lacks macroeconomic foundations."

The statement, which stated that MÜSİAD opposes any economic climate driven by perceptions rather than real economic indicators, stated the following:

"The Turkish economy, which grew by 11.7 percent in the first three quarters of the year, exceeded $220 billion in exports over the last 12 months, and has a current account surplus for the last three months, cannot be evaluated solely by the exchange rate. The Turkish economy stands tall today, as it has in the past, against all perception manipulation, both domestic and foreign. We have full confidence that our economy, which has achieved an average annual growth of 5.3 percent for the last 20 years without compromising free market conditions, will overcome this period as well. In this context, we reiterate our support for the low-interest rate policy implemented under the leadership of our President, Mr. Recep Tayyip Erdoğan, which we believe will exponentially increase our gains in production, investment, exports, and employment."