Economic effects of Iran war manageable for Türkiye: Şimşek
Turkey's Treasury and Finance Minister Mehmet Şimşek says the short-term economic effects of the Iran war are negative but manageable for Turkey. The conflict may lead to higher energy costs, inflation, and slower growth, but Turkey's energy supply security is not at stake.
Turkey's economy is expected to be impacted by the Iran war, but the effects are considered manageable. The conflict may lead to higher energy costs and inflation. However, Turkey's energy supply security is not at stake. The government is using fiscal policy tools to limit the pass-through of higher oil prices to domestic inflation. A 'sliding-scale' system has been introduced to adjust the special consumption tax on fuel products. The Central Bank of the Republic of Turkey has also taken measures to support the Turkish lira.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.