Hakan Kara, Erhan Aslanoğlu, and Ibrahim Turhan assessed economic policies and voiced their concerns.
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In an assessment conducted by economists Hakan Kara, Erhan Aslanoğlu, and Ibrahim Turhan, it was noted that confidence in the government's economic program has declined. The economists in question examined the state of Turkey's economy, the policies being implemented, and the problems facing the industrial sector. It is being analyzed that the confidence level of citizens and the business community has fallen as a result of failures in the economic program.
Former Central Bank governors and economists have stated that confidence in the government's economic programme has declined significantly and that the policies implemented have not delivered expected results. As structural problems in the industrial sector deepen the situation, experts emphasised that concrete and consistent steps must be taken to restore the confidence environment.
Loss of confidence in the economy can lead businesses to defer investment decisions, consumer spending to decline and interest rates to rise higher; this will directly impact employment and pricing in the months ahead. The programme's failure to deliver expected results sends a signal that state policies could change, which may also be reflected in your savings and borrowing decisions.