EGİAD: Unpredictable Economy Leads to Loss of Confidence

EGİAD, in its press release on economic developments, "The unpredictable economic structure creates an environment that causes a loss of confidence that cannot be recovered in a long time." made statements.

Aegean Young Businessmen Association (EGİAD)'s press release on the latest developments in the economy included the following statements:

“The unpredictable economic structure we are in creates an environment that causes a loss of confidence that cannot be recovered in a long time. The upward and rapid fluctuation of the exchange rate deeply affects production and trade, and even brings it to a standstill. The unavoidable depreciation of the Turkish Lira creates heavy prescriptions for all segments.

In the light of science, rational policies should be adopted, and policies that lead society to despair and unhappiness should be abandoned. Our reserves are even more negatively affected by the market conditions struggling with the inflation and high exchange rate spiral. Moreover, the exchange rate intervention creates an instant effect and cannot prevent the Turkish Lira from falling in value. It is our greatest wish to direct our country's resources towards science, knowledge, steps that create value, innovative production, and policies that will provide social development and welfare."