Mehmet Şimşek: The war slowed global growth and raised inflation

Turkish Treasury and Finance Minister Mehmet Şimşek said the war in Ukraine has slowed global growth and pushed inflation higher, pointing to the energy supply shock as a central channel of damage. He stressed the importance of Turkey diversifying its trade routes in response to the disruption. The remarks matter because Turkey is navigating elevated inflation and energy import costs while trying to sustain export-led growth. Investors will watch whether Ankara follows through with trade-corridor diversification and how that feeds into its inflation and current-account outlook.