The brake on domestic demand triggers silence

your options While the business world and all of Turkey focused on the roadmap that the new economic management would create, it was pointed out that the wrong policies would create a wave of unemployment. While it was emphasized that rising inflation was on the table as a risk for the autumn months, it was stated that the sudden slowdown in domestic demand that will be experienced will trigger a large wave of layoffs that has not been seen so far in the economic crisis. Industry representatives said they expect a soft or hard landing for economic policies, and that there may be contractions of more than 30 percent in some sectors. Noting that there is an expectation of an increase in exchange rates and inflation in the economy, the president of the Association of Chain Stores, Serhan Tınastepe, pointed out that the biggest problem is the contraction of domestic demand. Noting that they are waiting for the economic management roadmap, Tınastepe said, “After that, we will see whether it will be a soft landing or a hard landing. But our biggest concern as a retail sector is the contraction of domestic demand. The contraction of domestic demand also increases unemployment in an environment of high inflation. Therefore, it is necessary to take appropriate measures to prevent this from happening. The reason why we do not compare this crisis with the crises of 2001 and 1994 is that it does not generate unemployment.

WORKING WITH A PROFIT OF 3 PERCENTRUZ

Alp Önder Özpamukçu, President of the Food Retailers Association, said: “As a retailer, we are on a side that reflects incoming costs. We work with 2-3% profit. If there is an increase there, we have to move forward on the condition that it is distributed over a certain period of time. Price increases may continue. Uncertainty must go away,” he said.

Ramazan Kaya, President of the Turkish Garment Manufacturers Association

There may be a decrease in employment.

Turkish Garment Manufacturers Association President Ramazan Kaya pointed out that there has been a contraction in demand for ready-made clothing, which recently came to light with export and market losses, saying: “Our expectation is If the exchange rate increases or one point, an additional exchange rate will be applied to exporters after the economic program is clear, otherwise we face losing our market, customers and business due to lack of demand. It will create jobs,” he said.