Erdogan says Turkey ready to support international investors

Erdogan says Turkey ready to support international investors

Turkish President Erdogan addresses bussiness people during a meeting in Ankara
Turkish President Tayyip Erdogan addresses bussiness people during a meeting in Ankara, Turkey, May 2, 2019. Kayhan Ozer/Presidential Press Office/Handout via REUTERS/File Photo

ANKARA: Turkey is ready to provide its full support to international investors, President Tayyip Erdogan said on Saturday (May 4), adding that while attacks on the economy via its currency continued, the government was in control of the situation.

Turkey has experienced years of rapid growth fuelled by a construction boom and cheap loans. But the economy has slowed sharply with the impact of a currency crisis that last year wiped 30 per cent off the value of the lira against the dollar. Erdogan has blamed external forces for the state of the economy.

"While efforts to collapse our economy through the foreign exchange rate continue, we have control now," Erdogan told Turkish businesspeople in Istanbul.

Source: Reuters/aa

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