ANKARA
Turkey will prioritise export-led growth despite previously neglecting it in recent years according to Turkey's Science, Industry and Technology Minister.
“Export figures are very good until now. Turkey will also achieve its medium-term target in exports,” said Fikri Isik in a televised interview.
Turkey’s goal for 2014 is to reach $166.5 billion in exports, whereas exports were $12.015 billion in January 2014, increasing 9.6 percent at year-on-year basis.
Reflecting on higher than estimated inflation rates in January, Isik claimed that in upcoming months inflation rates will go down.
Turkey's Consumer Price Index (CPI) increased by 1.72 percent in January 2014, while the monthly Domestic Producer Price Index (D-PPI) rose by 3.32 percent, Turkish Statistics Institute (TurkStat) announced on Monday.
Annual inflation totaled 7.48 percent in the CPI and 10.72 percent in the D-PPI in January.
“The stability in Turkey will become evident until [March 30 local] elections, and after that everything will fall into place,” Isik also said.
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