Finance minister says Turkiye ready with other measures if war shock persists

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The impact on Turkiye’s economy of the conflict in the Middle East may be temporary and reversible if the recent ceasefire holds, and authorities are ready with a different set of tools if the shock persists, Finance Minister Mehmet Simsek said, Reuters reports.

In an interview on broadcaster Haberturk, Simsek said authorities are prepared with a new response beyond steps already taken if the newly agreed US-Iran ceasefire does not hold.

Turkiye’s Finance Minister Mehmet Simsek speaks during a meeting of Turkish Industry and Business Association (TUSIAD) in Istanbul, Turkiye on July 11, 2024. —AFP
Turkiye’s Finance Minister Mehmet Simsek speaks during a meeting of Turkish Industry and Business Association (TUSIAD) in Istanbul, Turkiye on July 11, 2024. —AFP

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