Turkey, World

President slams credit agencies working against Turkey

Recep Tayyip Erdogan says Turkey's 7.4 percent growth rate in 2017 should be lesson to everyone

30.03.2018
President slams credit agencies working against Turkey Turkish President Recep Tayyip Erdogan makes a speech during Turkey's ruling Justice and Development (AK) Party’s provincial chairmen meeting at party headquarters in Ankara, Turkey on March 30, 2018. ( Turkish Presidency / Murat Cetinmuhurdar / Handout - Anadolu Agency )

ANKARA

Turkey’s president on Friday criticized credit rating agencies for trying to derail Turkey's economy.

"You know how credit rating agencies reported against our country and how they are struggling to not let global capital come to Turkey," Recep Tayyip Erdogan told a meeting of provincial chairs of the ruling Justice and Development (AK) Party.

Erdogan's remarks in the capital Ankara came one day after the Turkish Statistical Institute (TurkStat) announced Turkey’s economy grew 7.4 percent in 2017 compared to the previous year.

The president reiterated that Turkey’s banner growth last year put it at the top of G20 countries.

"I hope such a result will be a lesson to everyone at a time when credit rating agencies' grade games and currency speculations have reached a peak," Erdogan said.

The president also called on businessmen and markets to trust Turkey, saying it can overcome problems and realize economic targets with its opportunities and potential.

Reporting by Mehmet Tosun and Burcu Calik; Writing by Diyar Guldogan

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