Turkish Statistical Institute revealed growth data for the first quarter of the year and our country's economy grew by 5% in the first quarter. The expectation of economists and the markets was that economical growth would be around 3.5%. I would like to emphasize that it is very gratifying and hopeful that growth rate of the first quarter is realized as 5% above expectations.
Net Export Contribution to Growth by 2,2%
Net exports made a negative contribution to the growth in last year. In the first quarter of 2017, Net export has made a positive contribution to the growth by %2,2. In 2017 announced as "Breakthrough Year in Exports”, of course, net export's positive contribution to the growth is extremely important for our country.
I think that international institutions can revise up their year-end forecasts upward according to investments contributing positively to growth and the data by 5% that announced today.
In the Medium Term Program, the projected growth for 2017 is 4.4%. But; I am convinced that we will reach our OVP target growth rate and even leave behind our target of 4.4%, along with the increase in investment, exports, production and employment figures as a result of reforms and support provided by government this year.
Deputy Chairman of Turkish Exporters Assembly
President of Denizli Exporters Association