TÜSİAD CEO Forum hosted OECD Chief Economist Pier Carlo Padoan

“TÜSİAD CEO Forum” created to enhance the interaction among the private sector decision makers and to increase macroeconomic analysis capacity of TÜSİAD, was assembled on October 6th, 2012, at the Çırağan Palace in Istanbul, with the participation of Mr. Pier Carlo Padoan, Chief Economist of the OECD.

The meeting evaluated the economic recovery policies and the countermeasures against post crisis difficulties.

Following the closed meeting, Ms. Ümit Boyner, President of the Board of Directors of TÜSİAD and Mr. Pier Carlo Padoan, Chief Economist of the OECD made a statement to the press.

Ms. Ümit Boyner indicated that TÜSİAD – CEO Forum evaluated the economic recovery policies and the countermeasures against post crisis difficulties. Mr. Pier Carlo Padoan stated that the recent performance of the Turkish economy was quite impressive. He underlined particularly the export performance and Turkish export companies successfully breaking into new markets. Mr. Padoan said: “Turkish economy still faces a number of risks. One of these risks is the high inflation eroding the competitive power. Another point which is prone to turn into a risk is its sensitivity to the liquidity problems. In this regard, Turkey must carry on its effort of structural adjustment and look after the fiscal discipline carefully.”