EBRD Vice President Greg Guyett shared his assessments with Bloomberg HT in Davos, highlighting Türkiye’s innovation capacity while also pointing to risks facing both the Turkish and global economy.
Speaking to Bloomberg HT at the World Economic Forum in Davos, European Bank for Reconstruction and Development (EBRD) Vice President Greg Guyett said he was highly impressed by Türkiye’s innovation-driven economy, particularly its strong talent pool in technology.
Global Economic Challenges in 2026
Guyett outlined three major challenges facing the global economy in 2026.
“The first is growth,” he said, noting that global growth has traditionally been supported by international trade, which is now being reshaped.
“The second challenge is a persistent inflation-driven affordability crisis,” Guyett added, emphasizing that high living costs remain a serious issue in many countries.
“The third is the need to build the energy system of the future. We must find solutions in 2026 to finance the transition to renewable energy,” he said.
“Türkiye Has a Strong Manufacturing Culture”
Sharing his views on the Turkish economy, Guyett said Türkiye has a strong manufacturing culture and benefits from access to the European Union through the Customs Union.
“During my visits to Türkiye, I have been very impressed by the country’s vision for the future energy system,” he said. “The government is willing to support private sector development. Türkiye is well positioned as a bridge to the Middle East and North Africa.”
Guyett also underlined the strength of Türkiye’s innovation ecosystem. “Türkiye’s innovation economy really impresses me. There is a very strong talent pool in the technology sector,” he said.
Risks and Challenges for Türkiye
Guyett also pointed to risks and challenges facing the Turkish economy.
“Anyone investing in Türkiye wants to see inflation continue to fall,” he said. “I have been impressed by the steps taken by Finance Minister Mehmet Şimşek and the Central Bank of the Republic of Türkiye to reduce inflation, but we would like to see inflation decline further.”
While praising Türkiye’s efforts to maintain good relations with its region, Guyett also warned that regional geopolitical risks remain. “Türkiye’s ability to build strong regional relationships is impressive, but there is still the risk of regional conflict,” he said.
Source: Bloomberght/ Prepared by: İlayda Gök